If my Project received and award in a prior solicitation, but I did not proceed to contract within the timeframe specified in the RFP Rules, can I still execute the SREC PSA at this time?
As part of the Qualification Materials, the Owner of the Project certifies that it accepts all the terms of the SREC Purchase and Sale Agreement (“SREC PSA”) and that the Owner will sign the SREC PSA within five (5) business days of receiving a Final Notice of Award by the EDC. If the Owner of a Successful Project does not enter into the SREC PSA within the expected timeframe, the Owner has failed to uphold a commitment made in the Qualification Materials, and the Owner will lose the cash deposit that was due fourteen (14) days after the New Jersey Board of Public Utilities’ approval of the awards for the solicitation. The Owner of a Successful Project has the option to re-submit a Proposal for the same Successful Project in a future solicitation under the following conditions. The Owner may re-submit a Proposal for the same Successful Project at the same or at the lower price; in that case, the Owner should ask the Solicitation Manager to specify the documents that will be required to
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