Loudoun County Public Schools Ionwave #R26032

Lease/Purchase Financing for Vehicles, Equipment, and Technology – Loudoun County Public Schools

Loudoun County Public Schools is seeking competitive proposals from qualified financial institutions to provide lease/purchase financing for vehicles, equipment, and technology equipment. - Government Buyer: - Loudoun County Public Schools (LCPS) - Department of Business & Financial Services, Procurement and Risk Management Services - Products/Services Requested: - Lease/purchase financing for up to $10 million in acquisitions for 2026 - $2.8 million for vehicles and equipment - $7.2 million for technology equipment (laptops, servers, switches, network equipment, collaboration monitors, intercom systems, video production equipment) - OEMs and Vendors: - No specific OEMs or equipment vendors are named; procurement is for financial services only - Notable Requirements: - Fixed, tax-exempt interest rate for four-year financing term - Annual payments with interest due on the anniversary of the closing date - Contract period is one year from award, with four additional one-year renewal options - Compliance with insurance, confidentiality, and legal provisions - Electronic proposal submission via LCPS Electronic Bidding System - Subject to annual appropriations by the Loudoun County School Board - Place of Performance: - LCPS central office at 21000 Education Court, Suite #316, Ashburn, VA 20148

Description

This Request for Proposal (RFP) issued by Loudoun County Public Schools seeks competitive proposals from qualified financial institutions for lease/purchase financing of vehicles and equipment. The contract period is one year from the award date with four additional one-year renewal options. Proposals must be submitted electronically through the LCPS Electronic Bidding System by May 19, 2026. The procurement aims to support the financing needs of Loudoun County Public Schools, a large school division in Virginia.

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