Financial Leasing Prequalification Program RFP 190000000197

The State of Michigan Department of Technology, Management & Budget, Central Procurement Services office issued RFP 190000000197 to establish a Statewide Financial Leasing Services Prequalification Program with an evergreen Master Agreement contract term. This procurement sought to create a prequalification pool of financial leasing service providers capable of supporting equipment leasing needs across state agencies, with the pool remaining open to accept additional qualified bidders as necessary. The solicitation required bidders to demonstrate compliance with mandatory requirements by agreeing to the terms and conditions of the Master Equipment Lease Agreement with Early Purchase Option, which served as the primary evaluation criterion. Successful bidders selected for Tier I prequalification status were required to execute the Master Agreement to become eligible for subsequent Tier II solicitations. The original RFP was posted on October 31, 2018, with proposals due on November 28, 2018; however, an Award Letter was posted on January 22, 2019, indicating the selection process had been completed. The evaluation was conducted by Solicitation Manager Lisa Spitzley in conjunction with representatives from the Michigan Attorney General's office.

Six responsive and responsible bidders were recommended for prequalified contractor status under this program: 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. All six bidders demonstrated acceptable compliance and were deemed qualified to provide financial leasing services to the State of Michigan. No Service-Disabled Veteran Owned Business (SDVOB) set-asides or other designated restrictions were applied to this procurement, allowing all qualified vendors to compete. Bidders not recommended for award were afforded the opportunity to schedule debriefing sessions with the Solicitation Manager to understand the rationale for non-selection. No specific award values or budget ranges were disclosed in the available procurement documentation, as this was a prequalification program establishing a vendor pool rather than a procurement with defined contract values at the time of selection.