Contract Summary

This is an Indefinite Delivery/Indefinite Quantity (IDIQ) contract awarded under the Cooperative Purchasing Program. The contract involves the State of Arkansas as the lead agency, with participation available to other states, local governments, and eligible public entities through a consortium purchasing structure. The awarded contractor is Global Equipment Leasing (GEL), selected to provide equipment leasing and related services under this statewide contract vehicle.

The contract encompasses equipment leasing services with pricing structured through competitive rate schedules established at contract award. The agreement includes an initial contract term with multiple option periods available for renewal, allowing for extended service delivery and price adjustment opportunities. The contract is open to all qualifying state and local government entities, educational institutions, and other public agencies authorized to participate in cooperative purchasing agreements. Pricing, specific equipment categories, and detailed service terms are documented within the rate schedules and statement of work, with all procurement conducted in compliance with applicable state procurement regulations and competitive bidding requirements for indefinite quantity contracts.