This Solicitation opportunity from Ohio was posted on September 10, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
DAS - Fleet Master Lease Lessor
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
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. Under this requirements contract, the selected Lessor acts solely as a financing entity and does not own or operate the vehicles. The contract is effective from January 1, 2027, to December 12, 31, 2028, with an option for a one-month discretionary renewal by the agency and further mutual renewals up to a cumulative total of 48 months. The program supports various vehicle types and sizes with amortization periods ranging from 36 to 84 months, requiring a minimum financing amount of 18,000 dollars per motor vehicle group. This is a firm fixed-percentage contract awarded to the lowest responsive and responsible bidder based on the lowest overall lot total percentage. Bidders are evaluated on their Cost of Capital Rates and a single Credit Spread percentage used across all lease terms. Payments are structured as quarterly installments of principal and interest in arrears, with the Lessor required to pay vehicle vendors within 30 days of receiving a Certificate of Acceptance and invoice. Key restrictions include a total prohibition on subcontractors and a ban on selling or pledging the contract as collateral. Additionally, the contract mandates compliance with the Ohio Ethics Law, non-discrimination statutes, and drug-free workplace regulations, while allowing state agencies the discretion to self-insure for collision and comprehensive coverage.
General Info
Place of Performance
OH, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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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