FINANCIAL_SERVICESAPPROVED

Rutherford School District Awards Financial Services Contract to Hewlett Packard Financial Services Company (June 2026)

The Rutherford Board of Education approved a four-year lease purchase agreement with Hewlett Packard Financial Services Company to finance Chromebook acquisitions at 5.88% interest, with annual payments of $26,106.67 and a $1 end-of-term purchase option. The financing supports the district’s classroom technology initiative.

Status
APPROVED
Document date
June 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hewlett Packard Financial Services Company
Agency
Rutherford School District · NJ

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$26,106.67 annually; four-year lease at 5.88% interest with $1 end-of-term purchase option
Contract type
FINANCIAL_SERVICES
Contract term
Four-year term
Renewal
Four-year lease purchase ending after final annual payment; equipment may be purchased for $1 at term end. No automatic renewal noted.
Document type
AgendaPacket
Source document
Rutherford Board of Education Regular Meeting Agenda Packet 2026-06-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Rutherford School District?

Hewlett Packard Financial Services Company was awarded this financial services contract by Rutherford School District, as recorded on June 29, 2026. The contract value is $26,106.67 annually; four-year lease at 5.88% interest with $1 end-of-term purchase option.

How much is the Hewlett Packard Financial Services Company contract with Rutherford School District worth?

The Hewlett Packard Financial Services Company contract with Rutherford School District is valued at $26,106.67 annually; four-year lease at 5.88% interest with $1 end-of-term purchase option, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Rutherford Board of Education Regular Meeting Agenda Packet 2026-06-29 (AgendaPacket), dated June 29, 2026 from Rutherford School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hewlett Packard Financial Services Company hold?

Hewlett Packard Financial Services Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Hewlett Packard Financial Services Company's profile

What is Rutherford School District currently buying?

Explore Rutherford School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Rutherford School District's profile

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