Erie 1 BOCES seeks proposals for installment purchase agreement (IPA) financing to acquire technology equipment. Proposals due November 3, 2026 at 11:00 AM. Fixed interest rates required, based on ICE swap rate. Award based on best value with cost proposal weighted 60%. Contract term December 1, 2026 to November 30, 2027, with two optional one-year renewals. No minimum or maximum IPA amounts. Financing schedules of 3, 4, or 5 years with monthly payments. Escrow accounts required at no fee. No tiered pricing or processing fees accepted.
Proposals must be received by November 3, 2026 at 11:00 AM. Sealed proposals will be received by the erie 1 boces purchasing department no later than: date: november 3, 2026 . . . time: 11: 00 am
Payments are made monthly via amortization schedules. Preparation of individual amortization schedules based upon a monthly payment of principal and interest made on either the 15th day of the month or the 30th day of the month.
Equipment must be guaranteed against faulty material and workmanship for at least one year. Every unit delivered must be guaranteed against faulty material and workmanship for a period of at least one year from date of delivery.
Award based on best value with cost proposal weighted 60%. Overall cost proposal, including interest rate, interest day count, grace period, prepayment penalty, interest bearing escrow account rate
Vendors must provide credit ratings and references. Provide a brief description of your organization and team. Include the organizations shortterm and longterm credit ratings.
Prepayment penalties must be disclosed. Disclose whether a prepayment penalty is applicable. Prepayment is defined as full and final payment of a specific ipa schedule
Questions must be submitted by October 9, 2026. Questions submitted october 9, 2026 by 11 am
Late or electronically transmitted proposals will not be accepted. Faxedandor electronically transmitted proposal submittals will not be accepted.
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