Financial Leasing Prequalification Program RFP 190000000197

The State of Michigan's Department of Technology, Management & Budget (DTMB) through Central Procurement Services issued RFP 190000000197 for a Statewide Financial Leasing Services Prequalification Program. The procurement sought to establish a master lease agreement for financial leasing services, with the primary objective of creating a pool of prequalified vendors capable of providing equipment leasing solutions for state agencies. The RFP was originally posted on SIGMA VSS on October 31, 2018, with proposal submissions due by November 28, 2018. The evaluation process focused on identifying responsible vendors who could perform required duties and submit responsive proposals meeting all mandatory requirements, specifically agreeing to the terms and conditions outlined in the Master Equipment Lease Agreement With Early Purchase Option. Key evaluation criteria included vendor capability, responsiveness to mandatory requirements, and ability to provide comprehensive leasing services across state government. The procurement was structured as an evergreen Master Agreement, allowing the vendor pool to be reopened and expanded as needed.

The procurement did not include specific set-aside designations for disadvantaged businesses, and none of the awarded vendors qualified as Service-Disabled Veteran Owned Businesses (SDVOB). Six vendors were ultimately prequalified: 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. While specific award values were not disclosed in the documentation, the master lease agreement provides a framework for state agencies to access financial leasing services through these prequalified vendors. The contract allows for flexible equipment leasing arrangements, enabling state departments to acquire necessary technology and equipment through a streamlined procurement process. The evergreen nature of the agreement suggests ongoing opportunities for vendors and the potential for future expansions or modifications to the vendor pool based on state needs and market conditions.