Description
Summit County is seeking a single lease‑purchase financing arrangement to cover the purchase of four heavy‑equipment items (a John Deere loader, two Western Star trucks, and a Caterpillar dozer) totaling $2,154,465. The vendor must propose a financing structure with annual payments made in advance over a five‑year term and may need to manage an escrow account to align cash flow with staggered equipment deliveries in 2026. The county reserves the right to award one or multiple contracts, and all proposals must be submitted by the June 11, 2026 deadline.
• Financing of $2.15 million for four pieces of construction equipment.
• Annual upfront payments over a 5‑year term; escrow may be required.
• Single‑vendor or multiple‑vendor award possible; proposals due June 11, 2026.