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Morris School District·New Jersey

Lease Purchases

Closes 5/29/2026$100k – $500kInvitation for Bid
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Description

The Morris School District Board of Education is seeking competitive sealed bids for equipment lease‑purchase financing. While the specific equipment and financing terms are not detailed in the advertisement, interested vendors must obtain the full bid package to determine requirements. Bids must be submitted in sealed envelopes, include required ownership statements and non‑collusion affidavits, and comply with New Jersey public‑school contracting statutes. The deadline for receipt of sealed bids is May 29, 2026 at 1:00 p.m., with submission to the district’s administration building. The Board reserves the right to reject any or all bids. • Scope: Provide lease‑purchase financing for undisclosed district equipment. • Mandatory submissions: sealed bid envelope, ownership statement (≥10% shareholders), non‑collusion affidavit, contractor questionnaire, and compliance certifications. • Key dates: bid submission deadline May 29, 2026 1:00 p.m.; bid opening same day/time. • Contact: Dennis R. Balodis (Financial Advisor) for bid package retrieval and questions.

Attached files

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Contact

Dennis R. Balodis(Financial Advisor)

[email protected]

(908) 572-7715

Key dates

Opened
8/4/2026
Closes
5/29/2026

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
531120

Budget estimate

$100,000 – $500,000

No contract value is disclosed, but typical school‑district equipment lease‑purchase contracts range from low‑six figures to mid‑hundreds of thousands, depending on equipment scope and lease terms. Assuming a moderate portfolio of classroom technology and facilities equipment, the anticipated revenue could fall between $100,000 and $500,000. Factors influencing the range include the number and type of assets, lease duration, interest rates, and any ancillary services (e.g., maintenance).

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