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Evesham Township School District·New Jersey

Request for Equipment Lease Purchase Financing Bid

Closes 6/4/2026$600k – $700kInvitation for Bid
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Description

The Board of Education of the Township of Evesham is seeking a private‑sector partner to provide lease‑purchase financing for up to $585,000 worth of American Time Ever Alert electronic display systems and related hardware for several schools. The vendor will supply, install, and finance the equipment through a lease‑purchase arrangement, with escrow‑funded proceeds and a fixed‑rate interest structure. The contract runs for a maximum of five years, with annual level payments and an option for the Board to purchase the equipment at each payment date.

Attached files

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

Contact

Jonathan Yates(Business Administrator / Board Secretary)

(856) 983-1800

Key dates

Opened
5/22/2026
Questions due
5/27/2026
Closes
6/4/2026
Projected award
6/4/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
523920

Budget estimate

$600,000 – $700,000

The contract caps the lease proceeds at $585,000, which the vendor will receive upfront (via escrow) to purchase the equipment. In addition, the vendor will earn interest on the fixed‑rate lease over five years. Assuming a modest interest margin (≈5‑8 % annually), total revenue to the vendor could range from roughly $600,000 to $700,000 over the life of the contract. Factors influencing the range include the exact fixed interest rate awarded, any pre‑payment penalties waived, and potential ancillary fees for escrow services or installation.

AI estimate from the solicitation

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