Government Contract | South Carolina
2016 Lease Purchase Financing Services

Bid Information

Bid Alert No: 00000464314

Bid Title: 2016 Lease Purchase Financing Services

Agency Bid No. Title: 15-B005C

Received Date: 01/19/2016

Close Date: 02/03/2016

Purchase Type: Not Stated

Delivery Point: Charleston, South Carolina

Delivery Date: Not Stated

Special Notices: Questions Due By 01/25/2016 11:00 AM


Specifications include, but are not limited to: The City (Lessee) proposes to establish an agreement with a qualified and eligible financial institution to provide financing services for the acquisition of commodities/equipment under a master lease purchase agreement as described herein. The agreement shall be between the Lessee and the successful Offeror (Lessor). II. GENERAL: A. The City estimates funding approximately $5,381,996.00 under this program over an eighteen (18) month period effective from the date of execution of approved agreement. Actual expenditures may vary. B. The City shall have the option to fund equipment and/or refinance existing equipment under the agreement using an escrow account or through direct payment. C. Equipment shall include, but is not limited to, vehicles, and other such other items deemed necessary by the City of Charleston as permitted by state law. D. The City is requesting semi-annual payment in arrears; three (3) and four (4) years are required as follows: 3 years useful life: approximately $1,400,00.00 (Police items as shown on 2016 Lease Purchase Schedule) 4 years useful life: approximately $3,981,996.00 (Non-police items/equipment as shown on 2016 Lease Purchase Schedule)

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Product Code: 94654

Agency Information

Issuing Agency: City of Charleston

State: South Carolina

Agency Type: State and Local

Contact: Gary Cooper, Procurement Division 75 Calhoun Street, Suite 3500, Charleston, South Carolina, 29401

Phone: 843-724-7312

Fax: 843-720-3872




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