Technology Equipment Installment Purchase Financing

Erie 1 Board of Cooperative Educational Services is seeking financing organizations to provide installment purchase agreements for technology equipment acquired by Erie 1 BOCES and participating school districts.

Erie 1 Board of Cooperative Educational Services


General
Open
RFP26-IPA
Nov 03, 2026 04:00 PM
Sep 28, 2026 12:59 PM
1 year base + 2 × 1 year options
Request for Proposal (RFP)
Local
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Original Solicitation Links
[

RFP26-IPA

]

ipa financing

Contact
tkehoe@e1b.org
+17168217426
355 Harlem Road, Buffalo, NY, USA
Submission Instructions
Mail
Erie 1 BOCES (Bldg. C), Attn: Purchasing Department, 355 Harlem Road, West Seneca, NY 14224
Description

Erie 1 Board of Cooperative Educational Services is seeking proposals from financing organizations to provide installment purchase agreement financing for technology equipment acquired by Erie 1 BOCES and participating school districts. The financing provider will pay equipment vendors after Erie 1 BOCES certifies satisfactory delivery and reviews invoices; equipment may be delivered directly by manufacturers or dealers, while Erie 1 BOCES retains title and responsibility for payments and insurance. The provider must support individual agreements generally ranging from $10,000 upward, with no provider-imposed minimum or maximum for individual or cumulative agreements; three-, four-, and five-year monthly payment schedules; interest-bearing escrow accounts; amortization schedules; electronic wire payments; and blanket insurance coverage. Proposals must address fixed-rate indexing, interest calculations, day count, grace periods, prepayment penalties, fees, escrow terms, other conditions, a master lease purchasing agreement, and a process outline with sample documents. The award covers agreements issued during the initial term, with two possible one-year renewals.

Classification Codes
NAICS522220Sales Financing
PSCW070Lease or Rental of Equipment: Automatic Data Processing Equipment (Including Firmware), Software, Supplies and Support Equipment
Smart Codes
equipment financingtechnology equipment financingschool district financing
Specifications
Service
Timeline
Sep 28, 2026 12:59 PM-Publication Date
Oct 09, 2026 03:00 PM-Questions Due
Nov 03, 2026 04:00 PM-Proposal Due
Requirements
Required
  • Blanket insurance policy for leased equipment
Scored
  • Minimum 3 references
  • Client point of contact required for each reference
Documents
TitleDate Posted
RFP26-IPA.pdfSep 28, 2026 12:57 PM
EXHIBIT A.PDFSep 28, 2026 12:57 PM
Exhibit B 2026.xlsxSep 28, 2026 12:57 PM
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