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  5. ›Lease Purchase Financing – Gloucester Township School…

Gloucester Township School District·New Jersey

Lease Purchase Financing – Gloucester Township School District

Closes 5/5/2026$500k – $2MRequest for Proposal
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Description

The Gloucester Township School District Board of Education is seeking a qualified financial institution to provide tax‑exempt lease‑purchase financing for undisclosed school‑district assets. Bidders must submit a sealed paper proposal using the supplied form, labeled “Tax‑Exempt Lease Purchase Bid,” and deliver it to the Business Administrator’s office before the public bid opening on May 5, 2026. The solicitation follows New Jersey Public Schools Contracts Law and allows the Board to reject any or all proposals or waive informalities. No budget ceiling is disclosed; interested parties must obtain full specifications from Phoenix Advisors. • sealed paper bid required; no electronic submissions accepted • bid opening will be public on May 5, 2026 at 1 p.m. in Blackwood, NJ • withdrawal of a bid is prohibited for 30 days after opening (until June 4, 2026) • compliance with NJ public‑school contracting statutes mandatory • contact Phoenix Advisors for bid package and specifications.

Attached files

Contact

[email protected]

(609) 291-0130

Key dates

Opened
4/21/2026
Closes
5/5/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523910

Budget estimate

$500,000 – $2,000,000

The notice does not disclose a contract value. Lease‑purchase financing contracts for school districts typically range from several hundred thousand to a few million dollars, depending on the assets financed and term length. Assuming a mid‑size financing package, an estimated contract value could be between $0.5 million and $2 million. This range reflects the uncertainty in asset scope, lease term, and interest‑rate structure.

AI estimate from the solicitation

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