Award Letter and Synopsis 190000000197 - Master Lease - Leasing Prequalification Program - posted 1-18-19.docx

STATE OF MICHIGAN

CENTRAL PROCUREMENT SERVICES

Recommendation of Award

The Department of Technology, Management, & Budget’s Central Procurement Services office has completed the evaluation of RFP 190000000197 Statewide Financial Leasing Services Prequalification Program and has recommended an award to Banc of America Public Capital Corporation, Dell Financial Services, LLC., Fifth Third Bank, Hewlett Packard Financial Services Company, Key Government Finance, Inc., and TD Equipment Finance, Inc., as the prequalified Contractors, pending State Administrative Board approval, if applicable. More information on the State Administrative Board can be found at: State Administrative Board.

Bidders who were not recommended for the award are encouraged to schedule a debriefing session with the Solicitation Manager. The debriefing session will provide the bidder with the State’s rationale on why the bidder was not recommended for the award. The Solicitation Manager may be contacted as follows:

Lisa Spitzley, Solicitation Manager spitzleyl4@michigan.gov

(517) 249-0440

Background Information:

This Request for Proposal (RFP) was to solicit responses to establish a Financial Leasing Prequalification Program with an evergreen Master Agreement Contract Term, the pool may be reopened to potential bidders as necessary.

Bidders:

The RFP was posted on SIGMA VSS on October 31, 2018. The following bidders submitted proposals by the published due date of November 28, 2018.

City, State Zip

SDVOB*

Banc of America Public Capital Corp

555 California Street, 4th Floor San Francisco, CA 94104 No

Dell Financial Services, LLC

One Dell Way Round Rock, TX 78682 No

Fifth Third Bank

38 Fountain Square Cincinnati, OH 45263 No

Berkeley Heights, NJ 07922 No

Superior, CO 80027 No

Cherry Hill, NJ 08003 No

*SDVOB: Service-Disabled Veteran Owned Business

Version 1 Revised: 07-28-2017

Evaluation Synopsis I. Evaluation Process A Responsible Vendor is a vendor that demonstrates it has the ability to successfully perform the duties identified by the solicitation. A Responsive proposal is one that is submitted in accordance with the solicitation instructions and meets all mandatory requirements identified in the solicitation.

Solicitation Instructions, Section 6, Evaluation Process.

Bidders must agree to the terms and conditions in the attached Master Equipment Lease Agreement With Early Purchase Option (Master Agreement) to pass evaluations and be considered for award. Upon award under Tier I, bidders must execute the Master Agreement to be considered a prequalified Contractor for Tier II Solicitations.

The full evaluation process is stated in the RFP Proposal Instructions.

II. Evaluation Method Responses to this solicitation were reviewed by the Solicitation Manager and Mandatory Terms determined in conjunction with members from the Attorney General’s office, which consisted of the following individuals:

Lisa Spitzley, Category Analyst DTMB – Procurement Lisa Barwick

AG

David Pell

AG

III. Evaluation Results All Bidders submitted acceptable proposals and agreed to the Master Lease Terms, therefore; the following six bidders passed technical evaluation:

A. Banc of America Public Capital Corporation B. Dell Financial Services, LLC C. Fifth Third Bank

VIII. Award Recommendation:

Award recommendation is made to the responsive and responsible Bidders who agreed to the Master Lease Terms for this Agreement. Award Recommendation is made to Banc of America Public Capital Corporation, Dell Financial Services, LLC., Fifth Third Bank, Hewlett Packard Financial Services Company, Key Government Finance, Inc., and TD Equipment Finance, Inc., as the prequalified Contractors.

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