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  5. ›Equipment Lease Purchase Financing

Randolph Township School District·New Jersey

Equipment Lease Purchase Financing

Closes 4/16/2026$500k – $5MInvitation for Bid
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Description

The Randolph Board of Education is soliciting sealed‑bid proposals from qualified firms to provide lease‑purchase financing for equipment the district needs. The solicitation does not list specific equipment; instead it requires a financing arrangement that the Board can use to lease‑purchase various items. Bidders must submit a sealed envelope containing a non‑collusion affidavit, contractor questionnaire, ownership statement (for corporate bidders holding 10 % or more), and any other forms required in the bid specifications. Compliance with New Jersey affirmative‑action and ownership‑disclosure statutes is mandatory, and the Board reserves the right to reject or waive bids at its discretion. • Sealed bids due April 16, 2026 (1:00 p.m.) to the Board’s Business Office in Randolph, NJ. • Required documentation includes non‑collusion affidavit, contractor questionnaire, and corporate ownership statements. • No equipment list or budget amount is disclosed; full specifications must be obtained from the Hunterdon ESC website or by contacting the Financial Advisor. • Applicable statutes: N.J.S.A. 10:5‑31 (Affirmative Action), N.J.A.C. 17:27, and N.J.S.A. 52:25‑24.2 (ownership disclosure).

Attached files

Contact

Dennis R. Balodis(Financial Advisor)

[email protected]

(908) 572-7715

Key dates

Opened
6/15/2026
Closes
4/16/2026

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
531120

Budget estimate

$500,000 – $5,000,000

The solicitation does not disclose a budget, but lease‑purchase financing contracts for school districts typically range from a few hundred thousand dollars for modest equipment programs up to several million dollars for larger, multi‑year capital acquisition plans. Assuming the district is seeking a comprehensive financing solution, a reasonable estimate of the contract value would be between $500,000 and $5,000,000, depending on the scope and volume of equipment financed.

AI estimate from the solicitation

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