Lease-Purchase Financing

The Houston-Galveston Area Council of Governments (H-GAC) is conducting a solicitation under its Cooperative Purchasing Program, HGACBuy, to establish lease-purchase financing arrangements for Texas local governments and eligible entities in other states. The solicitation, identified as LP07-25, seeks qualified manufacturers, distributors, installers, and service providers capable of offering lease-purchase financing solutions for equipment and related services. The contract size ranges from a minimum of one million dollars to a maximum of five million dollars, with responses due by May 1, 2025. The program allows participating entities to acquire a variety of products and services through blanket contracts, which may include discounts, category-specific pricing, or hourly rates for installation and repair services. Respondents are not required to cover all categories but must demonstrate capability to support the program’s needs. The overarching framework for this procurement is governed by comprehensive agreements and handbooks that outline the legal, operational, and compliance requirements for contractors and customers. The Master Agreement establishes the legal authority, compliance standards, and goals for engaging small and disadvantaged businesses, ensuring adherence to federal and state laws. The Contractor and Customer Handbook provides detailed guidance on program participation, including licensing, training, reporting, delivery protocols, and administrative responsibilities. These documents collectively ensure transparency, promote fair competition, and facilitate effective cooperation between contractors, government entities, and the H-GAC, supporting the program’s goal of providing cost-effective, flexible financing options for public sector procurement needs across Texas and beyond.