South Dakota Universities and Special Schools Ionwave #BOR10262026

Laptop lease financing for two South Dakota universities

The South Dakota Board of Regents is seeking laptop lease financing for two state universities under a nonexclusive master agreement. - Government buyer: South Dakota Board of Regents, through the University of South Dakota (USD) Purchasing Office; the attachment identifies Raleigh Tiahrt. - Requirement: Financing for approximately 850 laptops for Dakota State University (DSU) and South Dakota School of Mines & Technology (SDSMT). - DSU: approximately 350 laptops, estimated equipment cost $732,000. - SDSMT: approximately 500 laptops, estimated equipment cost $1,191,000. - OEMs and vendors: No laptop OEM, make, model, part number, or named financial vendor is specified. The university and agency names identify the purchasing organizations, not product manufacturers. - Lease requirements: Offerors must provide the lease rate factor, interest rate, and semiannual payment amount, with pricing separated by institution. The initial lease is three years with a $1 buyout; sales tax is not paid by the Board. - Potential follow-on scope: Additional leases for similar quantities of computers and related technology equipment may be made under the master agreement. Equipment quantities, configurations, and costs may change. - Estimated equipment value: Approximately $1.923 million for the initial laptop requirement; financing costs are not stated.

Description

The South Dakota Board of Regents is seeking proposals from qualified financial companies for a nonexclusive Master Lease Agreement to finance laptop computer leases for Dakota State University and South Dakota School of Mines & Technology. The initial lease is anticipated to cover approximately 850 laptops, with estimated total equipment costs of approximately $1,923,000; quantities, configurations, and costs may change. The computers are to be leased for three years with a $1 buyout, and proposals must provide the lease rate factor, interest rate, and semiannual payment amount. The RFP also anticipates additional leases in summers 2028 through 2031.

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