FY26 Capital Asset Financing
Closed State & local contract opportunity Posted
- Solicitation number
- 26-001
- State
- Maryland
- Responses due
Opportunity facts
- Jurisdiction
- NIGP code
- UNSPSC code
- Points of contact
-
- Shanna Reese reeses@charlescountymd.gov (301) 645-0656
- Procurement Department procurement@santarosa.fl.gov (850) 983-1851
- Sasha Ramos sramos@daniabeachfl.gov (954) 924-6800
- Whitney Mugford-Smith wmsmith@wheatridge.gov (720) 517-9337
Opportunity details come from procurement.opengov.com. Updated .
About this opportunity
Charles County Government in Maryland is seeking proposals for a five-year equipment capital asset financing agreement through RFP 26-001, with responses due by August 6, 2025, at 11:00 am. The procurement is designed to finance new and replacement equipment with a useful life exceeding five years, encompassing a diverse range of assets including vehicles, trucks, buses, mowers, cameras, and mini excavators. The total financing package is valued at $5,459,300, structured as a fixed-rate lease/purchase agreement with semi-annual payments in arrears. Qualified financial institutions must submit proposals demonstrating their ability to provide financing with specific requirements, including a non-appropriation clause and a 12-month non-substitution clause. The County anticipates closing the financing on or before September 30, 2025, with the account being accessible for 24 months, though funds are typically withdrawn within 18 months. Key evaluation criteria will likely include the institution's financial stability, proposed interest rates, and ability to meet the County's specific financing requirements.
The procurement includes an aspirational goal of 25% Minority and Women-Owned Business Enterprise (MWBE) participation, emphasizing equal opportunity and non-discrimination in the procurement process. Qualified institutions must be located in or have branch offices in Maryland, with bank deposits subject to specific rating and financial statement requirements. The capital asset financing list covers 45 distinct items across various departments, with significant investments in emergency services (including two ambulances at $1,260,000), grounds maintenance equipment, and vehicle fleet expansion. Major cost categories include $1,051,500 for 17 vehicles, $435,000 for a loader, and $350,000 for two transit vans, with an additional $195,200 allocated as a contingency fund. The County will investigate and address any discrimination complaints that may arise during the procurement process, ensuring a fair and transparent selection method for the financial institution that will provide the capital asset financing.
Opportunity text
The Board of Commissioners for Charles County are soliciting proposals from qualified firms for a five (5) year equipment capital asset financing agreement.
Files
| File | Type | Posted |
|---|---|---|
| FY26_Capital_Asset_Financing.pdf | ||
| RFP_26-001_-_List_-_250714.pdf |
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