Solicitation Detail - City of Springfield, MA

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Bid Detail

20-046 - Five (5) Year Financing of Municipal Vehicles and Equipment

End date: Monday October 7, 2019 at 2 p.m.

The City of Springfield is soliciting bids from qualified and experienced financial institutions which can provide a five (5) year financing agreement in an amount of $914,255.97 for newly purchased municipal vehicles and equipment. The successful bidder(s) will be required to provide the desired lease immediately upon execution of a contract pursuant to this procurement.

Interested bidders must demonstrate the ability to provide the full range of master financing services. All financing institutions must be familiar with and able to comply with all Massachusetts General Laws (MGL) pertaining to municipal banking relations and municipal finance procedures

The Chief Procurement Officer reserves the right to accept any bid, to reject and/or all bids and to waive minor irregularities and/or formalities as it deems to be in the best interest of the City. This Invitation for Bids is in accordance with M.G.L. Chapter 30B. The City of Springfield supports the goal of twenty percent minority and women participation in all contracts.

Copies of the Invitation for Bid (IFB) may be obtained from the Procurement Department on and after Wednesday, September 18, 2019, between the hours of 8:30 a.m. and 4:00 p.m. by emailing request via www.springfieldcityhall.com

The successful bidder(s) must be an Equal Opportunity Employer.

If any changes are made to this IFB, an addendum will be issued. Addenda will be emailed or faxed to all bidders on record as having picked up and/or received the IFB.

Questions concerning this IFB must be submitted in writing, via facsimile or electronic mail lstabilo@springfieldcityhall.com to the Chief Procurement Officer, Procurement Department Room 307, 36 Court Street, Springfield MA , fax number (413) 787-6295. All questions must be received no later than 4:30 PM, seven business days prior (September 26, 2019) to the closing date for this IFB. Answers will be sent to all bidders that are on record as having received an IFB through the Procurement Office.