The City of Gastonia, NC seeks proposals from qualified financial institutions for equipment installment financing up to $4,086,498 to fund various vehicles and equipment purchases. Proposals due electronically by October 28, 2026 at 3:00 PM EST via email. Desired term is 59 months with fixed interest rate. Closing expected by December 10, 2026. Selection based substantially on lowest total financing cost. Proposals must be submitted electronically only.
Proposals must be submitted electronically by no later than 3:00pm EST, Wednesday, October 28, 2026. proposals shall be submitted electronically by no later than 3:00pm est, wednesday, october 28, 2026
Installment payments principal and interest are to be made either annually or semiannually in arrears. installment payments principal and interest are to be made either annually or semiannually in arrears
Selection will be based substantially on lowest total financing cost including both interest costs and additional costs. the selection will be based substantially on lowest total financing cost including both interest costs and additional costs
Proposals must be signed by an authorized agent of the responder submitting the proposal. proposals must be signed by an authorized agent of the responder submitting the proposal in order to be considered responsive
Failure to successfully transmit an electronic proposal shall be at the responders sole risk, and no relief will be given for late or improperly submitted proposals. failure to successfully transmit an electronic proposal shall be at the responders sole risk
The amount of the financing is not expected to exceed $4,086,498. the amount of the financing is not expected to exceed 4, 086, 498