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This is a pricing reference document—specifically, a visualization of the 490 SOFR Curve as of May 18, 2026—related to the State of New Jersey Department of the Treasury's Equipment Master Lease Purchasing Financing Facility solicitation (Bid Solicitation 25DPP01105). The image displays the Secured Overnight Financing Rate (SOFR) Swap Rate curve across various maturity terms, which bidders must use as the baseline for calculating their interest rate proposals. Bidders are required to quote financing rates as a percentage of the SOFR Swap Rate plus a spread in basis points for three-year, four-year, and five-year financing terms, with all percentages rounded to four decimal places. The State is soliciting quotes for a primary source lender to provide up to $100 million in equipment master lease purchase financing over a three-year base term with optional extensions for up to three additional one-year periods by mutual written consent. An optional pre-quote conference is scheduled for February 5, 2026, at 9:30 AM, with an electronic question and answer period deadline of February 19, 2026, at 2:00 p.m., and quotes are due by 2:00 p.m. on March 17, 2026.

Pricing must be submitted using the state-supplied price sheet with all lessor fees and expenses included within the quoted interest rates. The contract is not designated as a small business or disabled veteran-owned business set-aside, and subcontracting is prohibited. Evaluation will combine technical qualifications—including personnel qualifications, firm experience with similar-sized contracts, and demonstrated understanding of scope—with price evaluation using a weighted basket approach across the three pricing lines. Bidders must meet mandatory insurance requirements including commercial general liability of $1,000,000 per occurrence, automobile liability of $1,000,000, and professional liability of $5,000,000 per occurrence, along with compliance with New Jersey state laws including business registration, ownership disclosure, and Iran investment activity disclosures. Rental payments will be payable semi-annually in arrears on June 15 and December 15, subject to annual legislative appropriations and the New Jersey Prompt Payment Act, which mandates payment within 60 days of receipt of properly executed vouchers.