Create a PO to fund the last two lease payments. State of VA contract number ADSPO16-169897 WSCA…

The College of William & Mary (contracting organization in Virginia) awarded a contract to Pitney Bowes Global Financial Services for the lease of a Pitney Bowes Intelligent Locker system. The system consists of three banks and one controller and is being procured under State of Virginia contract number ADSPO16-169897, which is a Western States Contracting Alliance (WSCA) National Association of State Procurement Officials (NASPO) leasing option C Fair Market Value (FMV) lease arrangement. The contract award, issued on August 2, 2026, covers the final two lease payments for the equipment.

The cumulative contract value is $10,572.48, representing the two remaining payments under a 60-month lease at a monthly rate of $1,762.08. The overall lease period extends from December 15, 2021, through December 14, 2026. The equipment will be delivered to the College of William & Mary's Government Customer Support location. This procurement utilizes an existing state contract vehicle, allowing the institution to leverage established pricing and terms for equipment leasing.