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  5. ›Lease Purchase Financing for Calendar Year 2026

Summit County·Colorado

Lease Purchase Financing for Calendar Year 2026

Closes 6/11/2026$100k – $300kInvitation for Bid
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Description

Summit County is seeking a single lease‑purchase financing arrangement for four pieces of heavy equipment totaling $2,154,465, to be delivered in 2026. The county will fund the entire purchase price and receive annual payments in advance over a five‑year term, with an optional escrow account to align cash flow with staggered deliveries. Vendors may submit a single proposal or multiple proposals for individual pieces, and the contract may be awarded to one or several firms. • Equipment includes a John Deere loader, two Western Star trucks, and a Caterpillar dozer. • Financing must cover the full $2.15 M and be structured with annual upfront payments over 5 years. • Proposal deadline is Thursday, June 11, 2026, 5 PM (MT); questions due by June 4, 2026. • No specific interest rate or escrow terms are prescribed—vendors propose these details.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

David Reynolds(Finance Director)

[email protected]

(970) 453-3434

Key dates

Opened
6/12/2026
Questions due
6/4/2026
Closes
6/11/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
522310

Budget estimate

$100,000 – $300,000

The contract’s total financed amount is $2.154 M. Assuming a modest profit margin of 5‑15 % on the financing (interest spread, escrow fees, administrative fees), the vendor’s earnings could range from roughly $100,000 to $300,000 over the five‑year term. The exact figure will depend on the interest rate negotiated, escrow arrangement, and any ancillary services the vendor provides.

AI estimate from the solicitation

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