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Frequently Asked Questions - Topics - Pre-Auction Security

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Answers to Frequently Asked Questions are provided in this section. 

The first posting of FAQs is in August. The last posting of FAQs is in the latter part of January, after bidders are registered to participate in the Auctions. From that point, questions and answers are emailed directly to Registered Bidders and are not posted to the BGS Auction website. Questions that are not from Registered Bidders or their advisors are answered strictly as time permits.

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Application (4)
Association and Confidential Information Rules (49)
Credit (1)
Data (14)
General (11)
Pre-Auction Security (2)
Rates (1)
Supplier Master Agreement  (4)

Pre-Auction Security

FAQ-81

If we present financial information for a Guarantor in the Part 1 Application and we are qualified on that basis, can we change the entity upon whose financial standing we are relying at a later time?


No.  The Auction Manager provides to each Qualified... Read Answer

11/15/2021.


FAQ-11

Who should be named in a Bid Bond for purposes of posting Pre-Auction Security?


A Bid Bond is issued by a Surety on behalf of a Principal.... Read Answer

8/12/2021.


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