Chesapeake Public Schools Opengov #16-2627

Lease Purchase Financing for 35 School Buses (10-Year Term) - Chesapeake Public Schools

Chesapeake Public Schools is seeking lease purchase financing for thirty-five (35) school buses. - Government Buyer: - Budget & Finance Office, Chesapeake Public Schools - Products Requested: - 30 Type C – 71 Passenger School Buses (71 passenger capacity) - 5 Type C – 71 Passenger School Buses with lifts for special needs (71 passenger capacity) - Services Requested: - Lease purchase financing for 35 school buses - Requirements: - Financing must be structured over a 10-year payback period - Vendors must be qualified, licensed, and insured to provide lease purchase agreements - Electronic submission of bids and documentation via OpenGov platform - Selection based on most economical financing option - OEMs and Vendors: - No specific OEMs or bus manufacturers are named in the solicitation - Notable Details: - Strict compliance with submission deadlines and contractual/legal specifications required

Description

This solicitation seeks sealed bids for lease financing of 35 school buses, including 30 Type C – 71 Passenger School Buses and 5 Type C – 71 Passenger with Lift for Special Needs. The financing will be based on the most economical option among the submitted proposals with a 10-year payback period. Bids must be submitted electronically via the OpenGov platform by September 4, 2026. The solicitation includes detailed contractual, legal, and procedural requirements outlined in the attached documents.

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