Wallingford-Swarthmore SD Awards Transportation Contract to Teqlease Inc (June 2026)

Scope & details

The full contract record, as filed.

Contract amount

Three (3) annual payments of $263,014.44 (total $789,043.32); insurance value $1,546,777.00

Contract type

TRANSPORTATION

Contract term

Original term July 15, 2026 – June 30, 2027 with automatic one-year renewals; three (3) total annual payments due July 15, 2026, July 15, 2027, and July 15, 2028

Renewal date

2028-07-15

Renewal

Initial Original Term runs from commencement on July 15, 2026 through the end of the 2026–2027 Budget Year, with two additional Renewal Terms to complete the three scheduled payments. Agreement automatically renews for one-year terms at the then-current rental payment if no option notice is given at least 60 days before term end; renter may also renew beyond the initial three payments or purchase the equipment at fair market value.

Document type

Contract

Source document

Wallingford-Swarthmore School District Contract Rental Agreement 2026-06-15

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the transportation contract by Wallingford-Swarthmore SD?

Teqlease Inc was awarded this transportation contract by Wallingford-Swarthmore SD, as recorded on June 15, 2026. The contract value is Three (3) annual payments of $263,014.44 (total $789,043.32); insurance value $1,546,777.00.

How much is the Teqlease Inc contract with Wallingford-Swarthmore SD worth?

The Teqlease Inc contract with Wallingford-Swarthmore SD is valued at Three (3) annual payments of $263,014.44 (total $789,043.32); insurance value $1,546,777.00, covering transportation work.

What type of contract is this?

This is a Transportation contract, documented as a contract record.

Where was this contract approved?

This contract appears in Wallingford-Swarthmore School District Contract Rental Agreement 2026-06-15 (Contract), dated June 15, 2026 from Wallingford-Swarthmore SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Teqlease Inc hold?

Teqlease Inc 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 Teqlease Inc's profile

What is Wallingford-Swarthmore SD currently buying?

Explore Wallingford-Swarthmore SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Wallingford-Swarthmore SD's profile