CONTRACTPENDING

Cogent Bank proposes bus financing to CCPS

Disclosed value: $226,236 (principal); annual payment $10,928.52; semi-annual payment $12,757.68; total interest $59,291.13 over 48 months (Option 1) or $29,874.21 over 48 months (Option 2); From report
Document date: May 18, 2022

What it covers

Caroline County Public Schools received a financing proposal from Cogent Bank under RFB 22-020 to fund a $226,236 school bus purchase at 2.98% APR with both annual and semi-annual payment options over 48 months. The report presents comparative bid terms, but no final award decision is indicated in the provided text.

Who holds it

Cogent Bank holds this financial services contract with Caroline County Public Schools. Its other public contracts on record include work for South Hunterdon Regional School District and Tompkins-Seneca-Tioga Boces.

What happens next

Term as filed: 48 months (school bus financing options with annual or semi-annual payments).

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Contract details

Contract type: Financial Services
Amount: $226,236 (principal); annual payment $10,928.52; semi-annual payment $12,757.68; total interest $59,291.13 over 48 months (Option 1) or $29,874.21 over 48 months (Option 2)
Document date: May 18, 2022
Term: 48 months (school bus financing options with annual or semi-annual payments)
Vendor: Cogent Bank
Agency: Caroline County Public Schools
Source document: caroline-county-public-schools-report-2022-05-18_f4a.pdf (Report)

Cogent Bank's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Caroline County Public Schools?

Cogent Bank was awarded this financial services contract by Caroline County Public Schools, as recorded on May 18, 2022. The contract value is $226,236 (principal); annual payment $10,928.52; semi-annual payment $12,757.68; total interest $59,291.13 over 48 months (Option 1) or $29,874.21 over 48 months (Option 2).

How much is the Cogent Bank contract with Caroline County Public Schools worth?

The Cogent Bank contract with Caroline County Public Schools is valued at $226,236 (principal); annual payment $10,928.52; semi-annual payment $12,757.68; total interest $59,291.13 over 48 months (Option 1) or $29,874.21 over 48 months (Option 2), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in caroline-county-public-schools-report-2022-05-18_f4a.pdf (Report), dated May 18, 2022 from Caroline County Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cogent Bank hold?

Cogent Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Caroline County Public Schools currently buying?

Explore Caroline County Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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