Lease Purchase Agreement - School Buses

The Chesapeake Public Schools District is seeking qualified, licensed, and insured vendors to provide a lease‑purchase financing arrangement for thirty‑five (35) new school buses. The buses will be delivered new, meet all federal, state and local safety codes, and the financing will be structured as a ten‑year pay‑back term. Bids must be submitted electronically by September 4, 2026, with all specifications, pricing (lump‑sum or per‑unit), bonding, and compliance certifications included. The District will award the contract to the lowest responsive and responsible bidder, with preference given to local firms, and expects contract execution shortly after award. • 35 new school buses, latest model, standard‑spec, certified to code • 10‑year lease‑purchase financing term (pay‑back) • Mandatory electronic submission via OpenGov e‑Bidding portal • Bonds required for bids ≥ $100,000 (5 % bid bond, performance & labor‑material bonds) • Award anticipated September 28, 2026; contract duration 10 years • Vendor must provide certifications (immigration, criminal background, insurance, etc.)