If you have not heard from the Company by the end of the first business day after the Commission decision, please let us know and we will contact the Company on your behalf to find the right representative.
The ICC is expected to make a decision regarding the results of the procurement events by Friday, September 26. If you have winning Bids for a Company, the representatives of that Company will contact you shortly after the decision has been rendered.
If the ICC approves some or all of the Bidder’s Bids for a Company, by 12 PM CPT (Noon) on the first business day after the ICC decision, the Company prepares and sends a partially executed electronic copy of the applicable supplier contract and related documents to the winning Bidder. Please note that the Company … Continue reading We are a Winning Bidder with a Company. When will that Company send us the contract in Word format for us to populate our information?
The ICC is expected to make a decision regarding the results of the procurement by Friday, September 26. If the ICC accepts the results of the procurement, the Procurement Administrator will notify the representatives of each Bidder with Bids accepted by the Commission. For Bidders relying on the financial standing of a Guarantor, ComEd will … Continue reading What is the timing of the contract execution process? Are there specific instructions for Bidders that rely on the financial standing of a guarantor?
Supplier fees are paid by winning bidders either by check payable to the Illinois Power Agency or using e-pay, the electronic e-check payment program administered by the Illinois State Treasurer. Complete instructions were provided to bidders in the final bidder memorandum.
A list of ComEd’s Senior Leadership Team members, titles, and biographies can be found in the “About Us” section of the ComEd web site, https://www.comed.com/about-us/Pages/default.aspx, by clicking “Company Information” on the left navigation bar and selecting “Leadership Team”. If this is not sufficient, a request should be made to ComEd for a certificate of incumbency.
A bidder may initially post cash under the ComEd Master Agreement and later change to another type of security to satisfy the performance assurance requirements under the agreement. In the case of a Guaranty, ComEd suggests that you provide draft documents for review to ensure the acceptability of the Guaranty. Once the signed Guaranty in … Continue reading Can a Bidder initially post cash as performance assurance collateral under the ComEd Master Agreement and later change from cash to a parent company guaranty?
Yes, both the (ComEd) Master Agreement and the (AIC) Confirmation Agreement provide the same method for calculation of the Maximum Collateral Threshold amount. Please refer to Paragraph 10 of the Ameren Confirmation Agreement and Paragraph 10 of the ComEd EEI Master Agreement and Coversheet posted to the Standard Products Section of the IPA procurement website … Continue reading Do both ComEd and Ameren use the same method for calculation of the Maximum Collateral Threshold?
In the Foreign Guarantor P1 Insert (#P1-9), a Bidder relying on the financial standing of a foreign RFP Guarantor certifies that they will provide a legal opinion with the Part 2 Proposal. A Bidder that will not have these documents may not rely on the financial standing of the foreign entity as RFP Guarantor. However, … Continue reading We rely on the financial standing of a foreign entity as RFP Guarantor. Can we submit a proposal but only submit the legal opinion and sworn statements if we are a winning bidder?
No, a Bidder is not required to be rated or to have its own financials to be qualified to bid in the RFP.