Cinnaminson Township Board of Education Lease Purchase Financing Bid 2026 - School Bus Procurement
Cinnaminson Township School DistrictSchool · Cinnaminson, NJ- Due
- Sep 3, 2026
- Deadline passed
- Contract term
- 4 years
- Primary contact
- Melissa Wilke
- (732) 777-9848 ext 3120
The 30-second brief
The Cinnaminson Township Board of Education is soliciting bids for lease purchase financing to fund the acquisition of three school buses: one 2027 Chevrolet Midbus (24-passenger) and two 2026 IC CE 54-passenger B6.7 Diesel buses, for a total principal amount of $502,401.00. The repayment term consists of one initial payment of $100,000 followed by four equal annual payments commencing October 1, 2026. Bidders must provide a fixed interest rate and an indexed interest rate based on the ICE Swap Rate or a proposed alternative index. The contract is considered 'bank qualified' as the district does not intend to issue more than $10 million in debt this calendar year. Bids are due by September 3, 2026, at 11:00 am at the School Business Administration offices in Cinnaminson, NJ. Required documents include a Bid Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, and a New Jersey Business Registration Certificate.
Bid Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, Statement of Ownership Disclosure, Contractor/Vendor Questionnaire, Amortization Schedule, Disclosure of Investment Activities in Iran, NJ Business Registration Certificate
Lowest indexed interest rate produced by yield analysis, lowest purchase option prepayment penalty
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Summary
The Cinnaminson Township Board of Education is soliciting bids for lease purchase financing to fund the acquisition of three school buses: one 2027 Chevrolet Midbus (24-passenger) and two 2026 IC CE 54-passenger B6.7 Diesel buses, for a total principal amount of $502,401.00.
The repayment term consists of one initial payment of $100,000 followed by four equal annual payments commencing October 1, 2026. Bidders must provide a fixed interest rate and an indexed interest rate based on the ICE Swap Rate or a proposed alternative index. The contract is considered 'bank qualified' as the district does not intend to issue more than $10 million in debt this calendar year. Bids are due by September 3, 2026, at 11:00 am at the School Business Administration offices in Cinnaminson, NJ. Required documents include a Bid Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, and a New Jersey Business Registration Certificate.
EVALUATION CRITERIA
Lowest indexed interest rate produced by yield analysis, lowest purchase option prepayment penalty
REQUIRED DELIVERABLES
8- Bid Proposal Form
- Affirmative Action Questionnaire
- Non-Collusion Affidavit
- Statement of Ownership Disclosure
- Contractor/Vendor Questionnaire
- Amortization Schedule
- Disclosure of Investment Activities in Iran
- NJ Business Registration Certificate
REQUIRED ATTACHMENTS
13- Bid Proposal Form
- Affirmative Action Questionnaire
- Non-Collusion Affidavit
- Statement of Ownership Disclosure
- Contractor/Vendor Questionnaire
- Acknowledgement of Addenda
- Chapter 271 Political Contribution Disclosure Form
- Amortization Schedule
- Disclosure of Investment Activities in Iran
- Statement of Suspension or Debarment Form
- Americans with Disabilities of 1990
- New Jersey Business Registration Certificate
- Certification of Non-Involvement in Prohibited Activities in Russia or Belarus
- Submit to
- 2195 Riverton Road, Cinnaminson, NJ 08077
- Scope location
- Cinnaminson, NJ
- Reported agency
- Cinnaminson Township Board of Education
Questions about this BID
How do I respond to this Bid from Cinnaminson Township School District?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is September 3, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 2195 Riverton Road, Cinnaminson, NJ 08077. For questions, contact Melissa Wilke.
Can small businesses or minority-owned firms bid on this Bid?
Most government agencies, including Cinnaminson Township School District in NJ, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the Bid submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Melissa Wilke at (732) 777-9848 ext 3120. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Bid Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, Statement of Ownership Disclosure, Contractor/Vendor Questionnaire, Amortization Schedule, Disclosure of Investment Activities in Iran, NJ Business Registration Certificate. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Lowest indexed interest rate produced by yield analysis, lowest purchase option prepayment penalty" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Cinnaminson Township School District?
All active and historical solicitations from Cinnaminson Township School District are tracked and searchable. As a school agency, Cinnaminson Township School District regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 4 years. Contract terms may include renewal options.
What documents are required to bid on this Bid?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Bid Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, Statement of Ownership Disclosure, Contractor/Vendor Questionnaire, Acknowledgement of Addenda, Chapter 271 Political Cont. Review the full document from Cinnaminson Township School District for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Cinnaminson, NJ. Review the full solicitation for detailed scope requirements.