Purchase of Aircraft

Texas Tech University System is soliciting proposals for aircraft brokerage services to acquire or lease one or more reconditioned or new aircraft for primary use in transporting passengers and light cargo across its institutions. The solicitation, numbered 2026-1193, is open to qualified aircraft brokers with a response deadline of July 1, 2026, at 4:00 PM Central Time, submitted exclusively through the TechBid system. Proposals must include a clearly defined compensation model—whether commission-based, fixed fee, or hybrid—and address a range of services including market analysis, aircraft valuation, pre-purchase inspections, due diligence, regulatory compliance coordination, and disposition support. The contract includes a one-year base term with up to five one-year renewal options, totaling a potential six-year period. Pricing must remain fixed for twenty-four months post-award, with an annual escalation cap of three percent thereafter. Award will be made to the proposer deemed most advantageous to TTUS based on a weighted evaluation: 40% financial value, 35% demonstrated ability to perform, 15% value-added options, and 10% quality assurance and compliance with Texas laws. A mandatory pass/fail criterion requires proposers to be in good standing with the State of Texas, and failure to meet this disqualifies participation. The contract is non-exclusive, and any attempt to impose exclusivity is void. All proposals must comply with the Texas Public Information Act, with proprietary information clearly labeled. Contractors must register in PaymentWorks, provide verified professional licenses, and disclose any financial interests in recommended aircraft or relationships with manufacturers or sellers. Invoices must reference a valid purchase order and be submitted electronically to TTUS Payment Strategies, with payment terms set at net thirty days, and vendors are required to enroll in automated payment via ACH or SUA cards. The contract will include the RFP, proposal, specifications, written contract, and TTUS Purchase Order terms. Contracts valued over one million dollars require Board of Regents approval. Termination may occur for failure to maintain required insurance, prohibited actions, or noncompliance, and may result in debarment from future solicitations. All submitted materials become the property of TTUS and are non-returnable.