Joint request by three BOCES for a master lease purchase agreement to finance or refinance equipment, primarily technology equipment. Bids due November 23, 2026 at 1:00 PM. Contract term January 1, 2027 through December 31, 2027, with possible four one-year extensions. Bidders must be banks, trust companies, or authorized subsidiaries authorized in New York State. Minimum schedule amount is $50,000. Rates locked for 3 days, fixed for term. Payment terms: annual, first payment 30 days after funding. Bids firm for 45 days. Electronic submission via Ionwave or sealed hard copy. Confirmation receipt form due November 5, 2026.
The first payment of principal and interest will be due thirty 30 days after the funding date, 3, 4, 5 year terms desired. The first payment of principal and interest will be due thirty 30 days after the funding date
All manufacturers warranties expressed or implied with respect to the equipment are to be assigned by the lender to the BOCES. all manufacturers warranties expressed or implied with respect to the equipment are to be assigned by the lender to the boces
Bid will be evaluated and awarded based on most favorable funding mechanism, ability to perform, successful experience, and terms and conditions. most favorable funding mechanism bid proposal
Bidders must demonstrate experience, personnel, financial stability, and systems requirements. a bidder must be able to demonstrate the experience, personnel, financial stability, and systems requirements necessary to successfully perform this contract
Questions must be in the possession of the purchasing director five working days prior to the bid opening. such questions must be in the possession of the purchasing director five working days prior to the bid opening
Bids which are incomplete, unbalanced, conditional, obscure, or contain additions not called for may be rejected as nonresponsive. bids which are incomplete, unbalanced, conditional, obscure, or which contain additions not called for, alterations or irregularities of any kind, may be rejected as nonresponsive