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Sedgwick County·Kansas

Capital Leasing Options for Fire Apparatus

Closes 2/6/2024$70k – $200kInvitation for Bid
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Description

Sedgwick County, Kansas is seeking a qualified financial‑services firm to provide fixed‑interest capital‑leasing options for the purchase of a single Pierce Velocity pumper fire truck valued at $527,507.04. The County does not intend to purchase the apparatus outright; instead it requires lease terms of either 84 months (7 years) or 96 months (8 years) with semi‑annual principal and interest payments, the first due in March 2024. Funding must be secured by February 7 2024, and all bids are to be submitted by email no later than 2:00 pm CST on February 6 2024. The solicitation mandates that the lessor retain title to the vehicle until the lease is fully satisfied, and the lease must be free of taxes unless imposed by government. The vendor must be registered in Kansas, hold an A‑VIII insurance rating, pass SAM eligibility checks, and provide three recent references from public‑sector leasing projects.

Attached files

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

Contact

Britt Rosencutter(Purchasing Agent)

[email protected]

(316) 660-7255

Key dates

Opened
1/29/2024
Questions due
2/1/2024
Closes
2/6/2024
Duration
84 months

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
532490
Solicitation №
24-2008

Budget estimate

$70,000 – $200,000

Based on the equipment cost of $527,507.04 and typical lease interest rates (6‑10 % annual), the total lease payments over 7‑year or 8‑year terms would range roughly between $600,000 and $750,000. The financier’s earnings—the interest component—would therefore be approximately $70,000 to $200,000 across the lease life, depending on the exact rate and payment schedule.

AI estimate from the solicitation

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