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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$300k – $800kInvitation for Bid
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Description

Summit County is seeking a single financing arrangement (lease‑purchase) to cover the purchase of four heavy‑equipment items totaling $2,154,465 for the 2026 calendar year. The vendor must propose a financing structure with annual payments made in advance, and may need to establish an escrow account to align with staggered equipment deliveries. The contract may be awarded to one firm or split among multiple firms, and proposals must be submitted by the June 11, 2026 deadline. • Total equipment financing need: $2.15 M across four pieces of construction equipment (loader, plow truck, dump truck, dozer). • Financing term: 5‑year lease‑purchase with annual upfront payments; escrow possible. • Submission requirements: Signed proposal, optional alternate approaches, and compliance with Colorado open‑records rules.

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
5/26/2026
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

$300,000 – $800,000

The contract finances $2.154 M over five years. Assuming a modest interest margin of 5‑7 % annually, the vendor’s profit could range from roughly $300 k to $800 k across the contract term, depending on the exact rate, escrow fees, and any ancillary services provided.

AI estimate from the solicitation

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