T3030 Bid Amendment 4 - Revised Quote Submission Due Date _4.15.26.docx

This is a Bid Amendment document issued by the State of New Jersey Department of the Treasury, Division of Purchase and Property, amending Bid Solicitation #25DPP01105 for the T3030 Equipment Master Lease Purchasing Financing Facility. The solicitation seeks a primary source lender to provide equipment master lease purchase financing services of up to $100 million over a three-year base term, with options to extend for up to three additional one-year periods by mutual written consent. An optional pre-quote conference was held on February 5, 2026, with confirmed attendance from Bank of America Corporation and J.P. Morgan Chase & Co. Bid Amendment #4 extends the quote submission due date from April 28, 2026, to May 21, 2026, at 2:00 p.m. Eastern Time. All other terms and conditions of the original bid solicitation remain unchanged.

Bidders must submit pricing using the state-supplied price sheet with interest rates calculated as a percentage of the SOFR Swap Rate plus a spread quoted in basis points for three-year, four-year, and five-year financing terms, with all lessor fees and expenses included within the quoted rates. The lessor will finance approximately 160 third-party supplier payments annually across diverse equipment categories including vehicles, computers, helicopters, and other administrative assets. Mandatory insurance requirements include commercial general liability of at least $1,000,000 per occurrence, automobile liability coverage of $1,000,000, workers' compensation insurance, and professional liability insurance of $5,000,000 per occurrence. The procurement is not designated as a small business or disabled veteran-owned business set-aside, subcontracting is prohibited, and the State will award one contract to a single primary source lender. Rental payments are 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.