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STATE OF MICHIGAN
ENTERPRISE PROCUREMENT
Department Technology Management and Budget 525 W Allegan St.
Lansing, Michigan 48913
Bidder Questions & Answers
RFP # 171 190000000197
Financial Leasing Prequalification Program
| Q # |
| Document and Section |
| Page # |
| Bidder Question |
| Answer (to be completed by the State) |
| Availability of prior bid results for funded leases under the program (list of bidders, rates/terms, winning bidder)? |
| Below is a list of executed contracts awarded since December 2010. Contract Information is listed in table below questions (most contracts are linked within table): |
Any further information would warrant a Freedom of Information Act (FOIA) request which must be made in writing via USPS, fax, or email. They also may be hand-delivered.
Mail: State of Michigan DTMB Central Procurement Attn: FOIA Liaison 525 W. Allegan Street, 1st Floor Lansing, MI 48909 Fax: 517-335-0046 Email: DTMB-PurchFOIA@michigan.gov
| How much volume has been funded under the program historically on an annual basis? |
| Please see the contract listing in Question #1 for leased amounts. |
| Can information be provided on frequency, number, and average size of leases historically? |
| Please see the contract listing in Question #1 for leased amounts. |
| Typical lease terms by equipment type? |
| Master Equipment Lease Agreement with Early Purchase Option (Master Agreement) attached to this RFP, are the terms governing future leases. Terms typically do not change for equipment type unless there is a law or statute that dictates the modification. |
| Typical timeline for Lessor to respond to each bid? |
| The time varies, generally from 2 to 14 days, as indicated by the designated deadline. |
State of Michigan Lease Purchase Financing Contracts
Contract Number
Supplier
Explanation
AGY
| Start Date |
| Expiration Date |
| Loan Period |
Principal Interest Rate
Contract Amount
| 071B1300122 |
| PNC Bank National Association |
| Lease Agreement for Performance Contracting |
| MDOC |
| 12/18/10 |
| 12/18/16 |
| 6 yrs |
| $1,267,922.00 |
| 2.12% |
| $1,366,057.80 |
| 071B1300173 |
| PNC Bank National Association |
| Lease Agreement for Performance Contracting |
| MDOC |
| 12/16/10 |
| 12/14/21 |
| 11 yrs |
| $10,840,078.00 |
| 2.99% |
| $12,931,072.00 |
| 071B1300214Expired – no link |
| PNC Bank National Association |
| Lease Agreement for Performance Contracting |
| MDOC |
| 02/16/11 |
| 02/16/16 |
| 5 yrs |
| $612,164.00 |
| 3.32% |
| $666,909.80 |
| 071B1300362 |
| PNC Bank National Association |
| Lease Agreement EMC Equipment MIQ2 Upgrade |
| DTMB |
| 07/27/11 |
| 07/27/15 |
| 4 yrs |
| $2,732,825.00 |
| 2.66% |
| $2,883,814.08 |
| 071B2200014 |
| PNC Equipment Finance, LLC |
| Finance/Lease Purchase of Oracle Equipment |
| LARA |
| 10/01/11 |
| 10/01/16 |
| 5 yrs |
| $3,098,661.37 |
| 2.17% |
| $3,272,601.00 |
| 071B2200082 |
| Key Government Finance Inc. |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 11/21/11 |
| 11/18/15 |
| 4 yrs |
| $1,295,871.00 |
| 1.92% |
| $1,347,305.24 |
| 071B2200101 |
| Motorola Solutions, Inc. |
| Lease/Purchase of MPSCS Equipment |
| DTMB |
| 03/18/15 |
| 03/18/25 |
| 10 yrs |
| $117,045,038.00 |
| 2.393% |
| *$132,995,860.20 |
| 071B2200234 |
| PNC Bank National Association |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 06/20/12 |
| 06/30/16 |
| 4 yrs |
| $1,131,215.00 |
| 1.88% |
| $1,175,167.20 |
| 071B3200010 |
| Key Government Finance Inc. |
| Lease with Option to Purchase |
| DTMB |
| 08/23/12 |
| 10/01/17 |
| 5 yrs |
| $1,195,455.00 |
| 1.541% |
| $1,244,460.00 |
| 071B3200055 |
| PNC Bank National Association |
| Finance for Lease Purchase for IT Equipment |
| DTMB |
| 12/20/12 |
| 12/20/15 |
| 3 yrs |
| $3,005,966.00 |
| 1.43% |
| $3,072,695.40 |
| 071B3200084 |
| PNC Bank National Association |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 04/22/13 |
| 05/01/17 |
| 4 yrs |
| $4,732,867.00 |
| 1.419% |
| $4,871,251.20 |
| 071B3200112 |
| Fifth Third Bank |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 06/18/13 |
| 06/18/17 |
| 4 yrs |
| $2,838,718.00 |
| 1.33% |
| $2,916,469.85 |
| 071B3200130 |
| Fifth Third Bank |
| Lease/Purchase of Portable Radios |
| DNR |
| 08/06/13 |
| 11/09/17 |
| 4 yrs |
| $1,233,740.30 |
| 1.46% |
| $1,274,396.35 |
| 071B5500091 |
| Banc of America Public Capital Corp |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 4/28/15 |
| 04/28/19 |
| 4 yrs |
| $5,603,667.00 |
| 1.2319% |
| $5,745,736.34 |
| 071B5500106 |
| Banc of America Public Capital Corp |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 07/10/15 |
| 07/10/19 |
| 4 yrs |
| $5,928,611.00 |
| 1.34% |
| $6,092,225.76 |
| 071B6600010 |
| Banc of America Public Capital Corp |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 11/19/15 |
| 11/19/19 |
| 4 yrs |
| $2,801,491.00 |
| 1.29% |
| $2,875,896.23 |
| 071B6600038 |
| Banc of America Public Capital Corp |
| Lease/Purchase of Optum IT Equipment |
| DTMB |
| 01/29/16 |
| 01/29/20 |
| 4 yrs |
| $5,129,800.00 |
| 1.48% |
| $5,286,301.97 |
| 071B6600089 |
| Banc of America Public Capital Corp |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 6/24/16 |
| 6/24/20 |
| 4 yrs |
| $5,568,422.45 |
| 1.44% |
| $5,733,671.95 |
| 071B7700041 |
| Carlyle Capital Markets Inc. |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 11/18/16 |
| 11/18/20 |
| 4 yrs |
| $2,724,311.35 |
| 1.4644% |
| $2,806,541.28 |
| 071B7700070 |
| Banc of America Public Capital Corp |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 01/13/19 |
| 01/13/19 |
| 2 yrs |
| $2,206,603.80 |
| 1.43% |
| $2,239,623.06 |
| 071B7700148 |
| Banc of America Public Capital Corp |
| Lease/Purchase of EMC IT Equipment |
| DTMB |
| 06/19/17 |
| 06/19/21 |
| 4 yrs |
| $1,899,188.09 |
| 1.73% |
| $1,967,152.32 |
| 071B7700174 |
| Banc of America Public Capital Corp |
| Lease/Purchase of Unisys IT Equipment |
| DTMB |
| 08/21/17 |
| 08/21/22 |
| 5 yrs |
| $5,745,589.00 |
| 1.72% |
| $6,000,304.20 |
| 171 180000000025 |
| Fifth Third Bank |
| Lease/Purchase of EMC |
IT Equipment
| DTMB |
| 10/30/17 |
| 07/30/20 |
| 2yrs |
8 mo
| $4,5002,282.50 |
| 1.57% |
| $4,603,119.03 |
| 171 180000000379 |
| Key Government Finance Inc. |
| Lease/Purchase of Bell 407GXP Helicopter & Accessories |
| MSP |
| 12/27/17 |
| 01/01/29 |
| 12 yrs |
| $3,721,495.00 |
| 2.65% |
| $4,281,055.16 |
| 171 180000000425 |
| Fifth Third Commercial Funding, Inc. |
| Lease/Purchase of EMC |
IT Equipment
| DTMB |
| 3/518 |
| 3/5/22 |
| 4 yrs |
| $2,920,131.53 |
| 2.45% |
| $3,068,532.25 |
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