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Princeton Public Schools·New Jersey

Bid 5698

Closes 3/31/2026$2M – $4.5MRequest for Proposal
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Description

The Princeton Board of Education is seeking a turnkey partner to design, finance, construct, interconnect, operate, and maintain rooftop solar photovoltaic (PV) systems across six school facilities, totaling approximately 1.5 MW DC. The selected proposer must submit a sealed bid by March 31 2026, attend a mandatory pre‑proposal meeting on March 5 2026, and provide extensive documentation, including financing guarantees, performance bonds, insurance, and various compliance certifications. The contract includes a 15‑year power purchase agreement (PPA) with options for early buy‑out, extension, and end‑of‑term system removal at the bidder’s expense. • Turn‑key design‑build‑finance‑O&M for rooftop solar PV on six schools. • Mandatory pre‑bid meeting (March 5 2026) and sealed bid submission (March 31 2026). • Requires bid bond (≤ $20k), performance bond (100 % of project cost), insurance, financing guarantee, and numerous regulatory certifications. • PPA term 15 years (option to extend 5 years) with $85 k reimbursement for PPA preparation, liquidated damages, and system‑removal obligations.

Attached files

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

Contact

Andrew Harris(Business Administrator / Board Secretary)

Key dates

Opened
9/25/2026
Pre-bid meeting
3/5/2026Mandatory
Closes
3/31/2026

Last updated

Details

Type
Request for Proposal
Industry
Renewable Energy
NAICS
541330
Solicitation №
Bid 5698

Budget estimate

$2,000,000 – $4,500,000

Based on a 1.5 MW DC system, typical design‑build‑finance contracts for comparable K‑12 solar projects range from $2 M to $4.5 M in total contractor compensation (including design, equipment, construction, and first‑year O&M). The $85 k reimbursement for PPA preparation and the need for substantial insurance and bonding also suggest a multi‑million dollar contract. Therefore, a reasonable estimate for the contractor’s earnings lies between $2 million and $4.5 million, depending on the chosen equipment, financing structure, and O&M scope.

AI estimate from the solicitation

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