Mailbox Only - RFP for Master Equipment Lease Purchase Agreement

The City of Fresno is seeking proposals to establish a flexible, master lease financing program designed to facilitate the acquisition of various equipment items over a three-year period. The contract aims to provide a straightforward, adaptable leasing framework that can accommodate both small and large purchases, with an estimated total credit line of up to $55 million, which may be drawn upon as needed. The types of equipment anticipated include copiers, furniture, public safety and communication equipment, and vehicles, including aircraft. Some lease transactions may necessitate the creation of an escrow account with a third-party financial institution to manage milestone payments, with interest earned on these funds benefiting the City. The contract emphasizes versatility, allowing for multiple acquisitions without prior knowledge of specific items or funding timelines, thereby supporting the City’s ongoing procurement needs. The solicitation, titled "Mailbox Only - RFP for Master Equipment Lease Purchase Agreement," was posted on October 14, 2024, with a response deadline of November 1, 2024. The contract size is estimated to range from $50 million to $60 million, and the project is managed under the NAICS code 423450, which pertains to equipment, furniture, and appliance wholesale. Interested firms can contact Phillip Hardcastle via email or phone for further information. The agreement is intended to streamline the City’s equipment financing process, ensuring efficient procurement and payment procedures aligned with the City’s operational requirements.