Announcements


BEC-11: We currently have a Post-Bid Letter of Credit with a Company for blocks won in the Spring 2018 BEC RFP. Do we need a new Post-Bid Letter of Credit for that Company if we are awarded additional blocks pursuant to the Fall 2018 BEC RFP?

The standard form of the Post-Bid Letter of Credit for a Company has not changed between the Spring 2018 and Fall 2018 BEC RFP.  If you have a Post-Bid Letter of Credit with a Company pursuant to an award in the Spring 2018 BEC RFP and you win additional blocks for that same Company in this upcoming RFP, you may use the same Post-Bid Letter of Credit to meet the credit requirements under both the supplier contract from the Spring 2018 BEC RFP and the Fall 2018 BEC RFP, but you may be required to increase the amount of your Post-Bid Letter of Credit to meet the credit requirements.