City of Kingman Vehicle Financing Rates for $2.5M Lease Purchase Agreement 2025-IFB-041
City of KingmanCity · Kingman, AZ- Due
- Jan 27, 2026
- Deadline passed
- Posted
- Jan 5, 2026
- Contract term
- 10 years
- Primary contact
- Wendy Sherer
- (928) 753-8582
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THE 30-SECOND BRIEF
The City of Kingman is soliciting sealed bids (2025-IFB-041) from qualified financial institutions for a tax-exempt lease purchase agreement totaling approximately $2.5 million. The financing is split into a 10-year fixed rate lease purchase for $923,160.72 and a 5-year fixed rate lease purchase for $1,613,616.76 to fund the acquisition of 30 vehicles and 2 heavy solid waste / refuse trucks. Selection criteria include the lowest overall cost and the ability to meet project timelines. Bids must be submitted electronically via the OpenGov procurement portal by January 27, 2026, at 6:00 pm Arizona time. Questions are due by January 12, 2026. Mailed, faxed, or emailed bids will not be accepted.
Lowest overall cost to the City, ability to meet the dates listed
SUMMARY
The City of Kingman is soliciting sealed bids (2025-IFB-041) from qualified financial institutions for a tax-exempt lease purchase agreement totaling approximately $2.5 million.
The financing is split into a 10-year fixed rate lease purchase for $923,160.72 and a 5-year fixed rate lease purchase for $1,613,616.76 to fund the acquisition of 30 vehicles and 2 heavy solid waste / refuse trucks. Selection criteria include the lowest overall cost and the ability to meet project timelines. Bids must be submitted electronically via the OpenGov procurement portal by January 27, 2026, at 6:00 pm Arizona time. Questions are due by January 12, 2026. Mailed, faxed, or emailed bids will not be accepted.
EVALUATION CRITERIA
Lowest overall cost to the City, ability to meet the dates listed
- Submit to
- OpenGov procurement portal
- Scope location
- Kingman, AZ
Questions about this RFP
How do I respond to this IFB from City of Kingman?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is January 27, 2026. Submissions should be delivered to: OpenGov procurement portal. For questions, contact Wendy Sherer.
Can small businesses or minority-owned firms bid on this IFB?
Most government agencies, including City of Kingman in AZ, 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 IFB 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 Wendy Sherer at (928) 753-8582. Questions and answers are typically shared with all prospective bidders.
Can I search IFBs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
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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 overall cost to the City, ability to meet the dates listed" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Kingman?
All active and historical solicitations from City of Kingman are tracked and searchable. As a city agency, City of Kingman 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 10 years. Contract terms may include renewal options.
What documents are required to bid on this IFB?
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. Review the full document from City of Kingman for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Kingman, AZ. Review the full solicitation for detailed scope requirements.