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Why is cash an acceptable form of security under the Master Agreement but it is not an acceptable form of pre-bid security?

April 26, 2017acceptable Agreement cash form master pre-bid security

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Why is cash an acceptable form of security under the Master Agreement but it is not an acceptable form of pre-bid security?

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This decision was made for administrative reasons. While there are established means for cash to be used as collateral under the terms of the standard contracts, there is no established means for the Procurement Administrator to hold cash in the pre-bid phase. 4/15/2009, in Standard Products RFP.