IT Asset Lease Services

The Massachusetts IT Asset Lease Services (ITC83) state-wide contract provides a comprehensive mechanism for eligible government entities to lease information technology equipment through a multi-vendor vehicle. The contract covers a wide range of IT assets, including desktop and laptop computers, servers, storage devices, networking equipment, copiers, and multifunction devices. Designed for operational leasing, the contract allows entities to acquire technology assets with a maximum lease term of five years, with the critical stipulation that assets must be returned to the contractor at the lease's conclusion. Quotes must be requested from all vendors on the contract, with selection based on best value, and the vehicle emphasizes supplier diversity and small business utilization.

The contract is managed by the Massachusetts Operational Services Division and will run from September 1, 2023, to August 31, 2028. Four prime contractors are currently on the vehicle: Advanced Computer Services, Inc., ePlus Group, Inc., Hewlett-Packard Financial Services Company, and Ontario Investments, Inc. The contract covers the entire Commonwealth of Massachusetts and is available to cities, towns, counties, state government branches, public authorities, libraries, schools, public hospitals, higher education institutions, and certain non-profit organizations. The estimated total contract value is $40 million, with individual contractors required to provide a minimum of $2 million in equipment lease financing annually. Each lease transaction is subject to an administrative fee and requires quarterly sales reporting.