Cash is not acceptable as pre-auction security. Each Qualified Bidder must submit a Pre-Auction Letter of Credit (or Bid Bond) with its Part 2 Application. Furthermore, a Qualified Bidder in the BGS-RSCP Auction may also be required to provide additional pre-auction security in the form of a letter of intent to provide a guaranty or a letter of reference.
12/21/2023, in Pre-Auction Security.
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