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DAS - Fleet Master Lease Lessor

Active
SRC0000040266State & Local

Contract Overview

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

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The State of Ohio, through the Department of Administrative Services and the Office of Fleet Management, is establishing a Fleet Master Lease Program to provide lease-to-purchase financing for motor vehicles used by eligible state agencies. Effective from January 1, 2027, to December 31, 2028, this requirements contract appoints a Lessor to act as a financing entity for various vehicle types and sizes. The contract is a firm fixed-percentage agreement where the award is granted to the lowest responsive and responsible bidder based on a submitted credit spread and cost of capital rates. The initial term may be extended by the agency for one month at its discretion, with further mutual renewals up to 48 months. The Lessor is responsible for ordering motor vehicle groups from designated vendors upon receiving approval and must issue payments to those vendors within 30 days of receiving a certificate of acceptance and invoice. Payments from the state to the Lessor consist of quarterly principal and interest in arrears, with the first payment occurring no sooner than 30 days after the initial funding date. Key constraints include a minimum financing amount of 18,000 dollars per vehicle group and a strict prohibition on the use of subcontractors. Additionally, the Lessor must comply with Ohio ethics laws, non-discrimination requirements, and drug-free workplace standards, while allowing state agencies the option to self-insure for collision and comprehensive coverage.

General Info

Ohio Fleet Master Lease Program provides vehicle lease-to-purchase financing from 2027 to 2028.

Agency

Ohio → Administrative ServicesView Agency

NAICS

532112 - Passenger Car LeasingView NAICS

Place of Performance

OH, USA

Set-Aside

NONE

Documents

(1)

ITB039868 - Fleet Master Lease Lesson

PDF•contract-document

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Timeline

PhaseSolicitation
Posted

Solicitation

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Organization & Contact Information

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AgencyOhio → Administrative Services
ContactsNo contacts available
OfficeN/A
Organization / Agency
Ohio → Administrative Services
View Agency Profile
Office AddressN/A
ContactsNo contact information available

Full Description

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The State desires to enter in to a Contract with a vendor to serve as Lessor for the State’s Fleet Master Lease agreements as set forth by the Office of Fleet Management (OFM). OFM is seeking on behalf of itself, and other State of Ohio agencies, to establish a Fleet Master Lease Program to finance the purchase of motor vehicles for use by eligible State agencies. State agencies annually purchase hundreds of motor vehicles of various types and sizes and purchases are paid for from appropriations of each individual State agency within Ohio’s decentralized fleet management environment.
OHIOBUYS TRAINING MATERIALSOhioBuys training materials can be located at this site https://procure.ohio.gov/bidders-and-suppliers/resources/bidder-and-supplier-training/04-ob-trainingTo participate or submit an inquiry for this RFx, you need to be registered in the OhioBuys Supplier Portal. Suppliers are not required at this time to be registered in OAKS. If you have a need to seek technical support, clearly specify you need access to an active Ohio Buys solicitation.Technical Support 1-877-644-6771If there is a need for technical support during your proposal submission in the last 48 hours prior to the submissions, contact 614-466-5090. This number is for OhioBuys solicitation technical questions only; there will not be any questions answered regarding the solicitation.Note:Chrome is the preferred browser for OhioBuys.Only have a single window open that is logged into OhioBuys, having multiple windows opened to a single user can create an error when trying to submit your proposal.
Banking and investment
Items ITB039868-1 | Required Item | Credit Spread | Bidders must provide their single Credit Spread to be used for all lengths of lease terms as a percentage. Bidders must not insert a percentage more than 3 digits after the decimal point. | Unit: AMT

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