Indexed REC-31: When is the bid assurance collateral returned?

As stated in Section VI.2.19 of the RFP Rules, “A Pre-Bid Letter of Credit will expire on the date stated as part of its terms, fourteen (14) business days after the anticipated date of the Commission decision on the procurement event and cash provided as bid assurance collateral will be returned in the same general timeframe”.  The Commission renders its decision on the results of the procurement event on Thursday, May 12, 2022.

Revised 04/01/2022, originally posted 03/28/2022