AGR 00001
Published On: 09/06/2024

Question: One of the requirements spelled out in Appendix B is the provision of audited financial statements or information related to Tangible Net Worth, Debt, Operating Income, and Net Income. Our company has such information, but we are unable to share it without confidentiality agreements in place. Is it possible to implement such an agreement so our information may be shared? Alternatively, we would be open to evaluating alternative ways for the RFP Manager to determine appropriate collateral levels.

Answer: The requirements stated in the Pre-Qualification Application (Appendix B) related to the provision of audited financial statements or information related to Tangible Net Worth, Debt, Operating Income, and Net Income are associated with providing "credit support from a suitable corporate guarantor" as specified in Section 5.7 of the RFP.

In order to be a suitable corporate guarantor, the entity must meet the criteria as stated in the "Bidder Eligibility Requirements" which specifies having been "[r]ated by S&P, Moody’s, or Fitch with an investment grade or higher rating." If the bidder is unable to meet this requirement or chooses not to advance a suitable corporate guarantor as part of its proposal, then it must commit to post a letter of credit or surety bond from an investment grade or higher from a financial institution. In this case, the information requested in the prequalification is not applicable to your proposal. If so, please make a note that it is "N/A" in the prequalification application response.