STP-11: What are the collateral requirements for participation in the Standard Products RFP?

A Bidder that is submitting Bids for a Company must, in its Part 2 Proposal, submit a Pre-Bid Letter of Credit for that Company in an amount of $5,000 per block of a Bidder’s Indicative Quantity for that Company or $250,000, whichever is greater. The Indicative Quantity for a Company is the total number of blocks that the Bidder intends to bid across all Segments and months available for that Company. The Pre-Bid Letter of Credit must be in the form of the Standard Pre-Bid Letter of Credit or incorporate only modifications approved by the Company as posted to the procurement website.