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  5. ›2026-2027 Lease Purchase

Moorestown Township Public Schools·New Jersey

2026-2027 Lease Purchase

Closes 5/20/2026$75k – $150kInvitation for Bid
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Description

The Board of Education of the Township of Moorestown is seeking sealed bids for a tax‑exempt lease‑purchase financing arrangement (maximum $1,547,263) to acquire a broad array of equipment over an approximate five‑year term. The procurement covers curriculum materials, school transportation vehicles, LED lighting upgrades, and a wide variety of technology hardware and accessories. Bidders must comply with New Jersey public‑school contracting statutes, submit bids in person or via a trackable service by the deadline, and provide an electronic copy of the bid. No bid withdrawals are permitted for 30 days after submission. • Scope includes textbooks, software licenses, a 24‑passenger bus with camera system, a cargo van, LED upgrades, computers, laptops, displays, Smart Boards, iPads, cameras, printers, security gear, MDF/IDF upgrades, and flat‑bed scanners. • Financing will be structured as a tax‑exempt lease lasting roughly five years, spreading payments over the lease term rather than a lump‑sum purchase. • Bids must be marked “Tax‑Exempt Lease Purchase Bid,” delivered by hand, tracked courier, or certified mail, and a copy emailed to the primary contact; regular mail is prohibited.

Attached files

Contact

James M. Heiser(Business Administrator / Board Secretary)

[email protected]

(856) 778-6600

Key dates

Opened
5/6/2026
Closes
5/20/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Education
NAICS
531120
Solicitation №
#95995168.1

Budget estimate

$75,000 – $150,000

The total ceiling for the lease‑purchase financing is $1,547,263. Assuming a typical contractor margin of 5‑10% for equipment procurement and lease‑admin services, the vendor’s net earnings could range from roughly $75,000 (5% of ceiling) to $150,000 (10%). Factors influencing the final amount include the mix of high‑value items (e.g., vehicles vs. consumables), any value‑added services (installation, training), and the negotiated lease rate.

AI estimate from the solicitation

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