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Closed-End Operating Lease Provider

Active
International

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The City of Burlington is seeking a subcontracted provider to handle the financial structuring and provision of closed-end operating leases for prime contractors involved in city fleet projects. The selected provider will be responsible for establishing a four-year lease term that includes no buyout or residual value, while managing the lease throughout its duration. The provider must deliver a lease agreement that meets the approval of the City's Manager of Procurement Services and ensure the final execution of the agreement and the necessary financing for the fleet. This opportunity is categorized under NAICS code 523910, with a response deadline set for October 27, 2026.

General Info

Burlington seeks a provider for four-year closed-end fleet operating leases by October 27, 2026.

Place of Performance

CAN

Set-Aside

NONE

Documents

This scope was carved out of RFT-26-339.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Supply And Delivery of Approximately 75 New Golf Carts on a Four-Year Lease (Closed End / Operating Lease Only)

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Organization & Contact Information

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AgencyCity of Burlington
ContactsNo contacts available
OfficeN/A
Organization / AgencyCity of Burlington
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs financial structuring and provision of a closed-end operating lease for prime contractors on City of Burlington fleet projects. Structures a four-year lease with no buyout or residual value and manages the lease term. Provides a lease agreement acceptable to the City's Manager of Procurement Services. Delivers the executed Lease Agreement and financing for the fleet.

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International
Supply And Delivery of Approximately 75 New Golf Carts on a Four-Year Lease (Closed End / Operating Lease Only)
Solicitation # RFT-26-339
The City of Burlington is soliciting bids for a four-year closed-end operating lease for approximately 75 new 2027 model golf carts to be delivered to the Tyandaga Golf Course. The carts must be gas or unleaded powered, as fully electric models are prohibited due to a lack of charging infrastructure. Required specifications include split-screen windshields capable of opening halfway, foot-operated multi-lock parking brakes, and a chassis made of aluminum or steel beam in either white or black. All units must be delivered F.O.B. destination to Burlington, Ontario, on or before March 19, 2027, and will be returned as-is around November 24, 2030. The contract will be awarded to the lowest compliant bidder. Mandatory submission documents include a lease agreement, warranty information, and a product brochure. Bids must be submitted electronically by October 27, 2026, at 2:00 p.m. local time. The successful contractor is required to replace any defective carts at no additional cost within 20 business days of notification. Compliance with the City of Burlington Procurement By-law, Occupational Health and Safety Standards, and the Accessibility for Ontarians with Disabilities Act is mandatory. Bidders are strictly prohibited from lobbying city staff or elected officials during the procurement process.

POSTED

8 days ago

DEADLINE

in 21 days
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