Montgomery Township Board of Education Lease Purchase Financing Bid 2026 - B27-03
Montgomery Township School DistrictSchool · Skillman, NJ- Due
- Nov 12, 2026
- 1 day left
- Contract term
- 5 years
- Primary contact
- Andrew Italiano
- (609) 466-7617
The 30-second brief
The Montgomery Township Board of Education in Somerset County, New Jersey, is soliciting bids for equipment lease purchase financing for essential use equipment, specifically two 54-passenger and four 39-passenger school buses. The total principal amount of this lease purchase financing is $1,069,007.50 with a five-year repayment term and annual payments. The first payment is fixed at $214,000, due upon delivery and acceptance on or about December 1, 2026. Bids are due by 1:00 PM on November 12, 2026. Award will be based upon the lowest interest rate bid and lowest effective interest rate to the Board.
Two (2) 54 passenger and four (4) 39 passenger school buses
Lowest interest rate bid, length of interest rate hold, lowest purchase option prepayment penalty
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Summary
The Montgomery Township Board of Education in Somerset County, New Jersey, is soliciting bids for equipment lease purchase financing for essential use equipment, specifically two 54-passenger and four 39-passenger school buses.
The total principal amount of this lease purchase financing is $1,069,007.50 with a five-year repayment term and annual payments. The first payment is fixed at $214,000, due upon delivery and acceptance on or about December 1, 2026. Bids are due by 1:00 PM on November 12, 2026. Award will be based upon the lowest interest rate bid and lowest effective interest rate to the Board.
EVALUATION CRITERIA
3- Lowest interest rate bid
- Length of interest rate hold
- Lowest purchase option prepayment penalty
REQUIRED DELIVERABLES
Two (2) 54 passenger and four (4) 39 passenger school buses
REQUIRED ATTACHMENTS
9- 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
- Russia-Belarus and Iran Combined
- Submit to
- Montgomery Township Board of Education, Administration Building, 1014 Route 601, Skillman, NJ 08558
- Scope location
- Skillman, NJ
- Reported agency
- Montgomery Township Board of Education
Questions about this BID
How do I respond to this Bid from Montgomery Township School District?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 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: Montgomery Township Board of Education, Administration Building, 1014 Route 601, Skillman, NJ 08558. For questions, contact Andrew Italiano.
Can small businesses or minority-owned firms bid on this Bid?
Most government agencies, including Montgomery 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 Andrew Italiano at (609) 466-7617. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Two (2) 54 passenger and four (4) 39 passenger school buses. 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 bid, 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 Montgomery Township School District?
All active and historical solicitations from Montgomery Township School District are tracked and searchable. As a school agency, Montgomery 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 5 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of November 12, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
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, Stockholders’ Disclosure/ Ownership Declaration, Contractor/Vendor Questionnaire and Certification, Acknowledgement of Add. Review the full document from Montgomery 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: Skillman, NJ. Review the full solicitation for detailed scope requirements.