Hillsdale Borough Board of Education Lease Purchase Financing for School Vans 2026
Hillsdale School DistrictSchool · Hillsdale, NJ- Due
- Mar 12, 2026
- Deadline passed
- Contract term
- 5 years
- Primary contact
- Dennis R. Balodis
- (908) 572-7715
The 30-second brief
The Board of Education of the Borough of Hillsdale is soliciting quotes for lease purchase financing to acquire three (3) eight-passenger school vans. The total principal amount is approximately $248,612.79, to be repaid in five (5) equal annual payments commencing August 15, 2026. The transaction is anticipated to fund to an escrow account on or about April 1, 2026. The award will be based on the lowest interest rate produced by yield analysis. Respondents must provide a rate hold for a minimum of 30 days. Required documentation includes a Quote Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, and Stockholders' Disclosure. Quotes are due by 1:00 P.M. on March 12, 2026, at the Administration offices in Hillsdale, NJ, or via email to the financial advisor, Hunterdon County Educational Services Commission (HCESC).
Quote Proposal Form, Amortization Schedule, Affirmative Action Questionnaire, Non-Collusion Affidavit, Stockholders’ Disclosure/ Ownership Declaration, Contractor/Vendor Questionnaire and Certification, Acknowledgement of Addenda, Chapter 271 Political Contribution Disclosure Form, Disclosure of Investment Activities in Iran Form, Disclosure of Prohibited Activities in Russia/Belarus
Lowest interest rate quote produced by the yield analysis, length of interest rate hold, lowest purchase option prepayment penalty
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Summary
The Board of Education of the Borough of Hillsdale is soliciting quotes for lease purchase financing to acquire three (3) eight-passenger school vans.
The total principal amount is approximately $248,612.79, to be repaid in five (5) equal annual payments commencing August 15, 2026. The transaction is anticipated to fund to an escrow account on or about April 1, 2026. The award will be based on the lowest interest rate produced by yield analysis. Respondents must provide a rate hold for a minimum of 30 days. Required documentation includes a Quote Proposal Form, Affirmative Action Questionnaire, Non-Collusion Affidavit, and Stockholders' Disclosure. Quotes are due by 1:00 P.M. on March 12, 2026, at the Administration offices in Hillsdale, NJ, or via email to the financial advisor, Hunterdon County Educational Services Commission (HCESC).
EVALUATION CRITERIA
3- Lowest interest rate quote produced by the yield analysis
- Length of interest rate hold
- Lowest purchase option prepayment penalty
REQUIRED DELIVERABLES
10- Quote Proposal Form
- Amortization Schedule
- Affirmative Action Questionnaire
- Non-Collusion Affidavit
- Stockholders’ Disclosure/ Ownership Declaration
- Contractor/Vendor Questionnaire and Certification
- Acknowledgement of Addenda
- Chapter 271 Political Contribution Disclosure Form
- Disclosure of Investment Activities in Iran Form
- Disclosure of Prohibited Activities in Russia/Belarus
REQUIRED ATTACHMENTS
10- Bid Proposal Form
- Affirmative Action Questionnaire
- Non Collusion Affidavit
- Stockholders’ Disclosure/ Ownership Declaration
- Contractor/Vendor Questionnaire and Certification
- Acknowledgement of Addenda
- Chapter 271 – Political Contribution Disclosure Form
- Amortization Schedule
- Disclosure of Investment Activities in Iran Form
- Disclosure of Prohibited Activities in Russia/Belarus
- Submit to
- 32 Ruckman Road, Hillsdale, New Jersey 07642
- Scope location
- Hillsdale, NJ
- Reported agency
- The Board of Education of the Borough of Hillsdale
Questions about this QUOTE
How do I respond to this Quote from Hillsdale School District?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 12, 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: 32 Ruckman Road, Hillsdale, New Jersey 07642. For questions, contact Dennis R. Balodis.
Can small businesses or minority-owned firms bid on this Quote?
Most government agencies, including Hillsdale 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 Quote 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 Dennis R. Balodis at (908) 572-7715. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Quote Proposal Form, Amortization Schedule, Affirmative Action Questionnaire, Non-Collusion Affidavit, Stockholders’ Disclosure/ Ownership Declaration, Contractor/Vendor Questionnaire and Certification, Acknowledgement of Addenda, Chapter 271 Political Contribution Disclosure Form, Disclosure of Inv. 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 interest rate quote produced by the yield analysis, length of interest rate hold, 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 Hillsdale School District?
All active and historical solicitations from Hillsdale School District are tracked and searchable. As a school agency, Hillsdale 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 5 years. Contract terms may include renewal options.
What documents are required to bid on this Quote?
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, Stockholders’ Disclosure/ Ownership Declaration, Contractor/Vendor Questionnaire and Certification, Acknowledgement of Add. Review the full document from Hillsdale 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: Hillsdale, NJ. Review the full solicitation for detailed scope requirements.