Description
The Commonwealth of Pennsylvania, acting through the Department of General Services, is soliciting competitive sealed bids from financial entities for financing of multiple Guaranteed Energy Savings Act projects. The financing term is for 24 months, with an option to extend for an additional 12 months or increase the amount to be financed by up to $30,000,000. Bidders must be registered with the Pennsylvania Supplier Portal and have a current and active PA Vendor Number. The bid due date is August 18, 2026, at 2:00 PM.
• The project involves financing for energy-efficient measures, such as equipment or services that reduce energy consumption or operating costs.
• The financing arrangement takes the form of a Master Installment Purchase Agreement (MIPA) between the awarded bidder and the Department.
• The MIPA provides for the tax-exempt lease financing of Guaranteed Energy Savings Act projects.
• The interest rate and payment terms will be determined based on the bid submitted by the successful bidder.