DOCUMENT

RFP - Master Lease Financing 2010

  • YEAR CREATED: 2010
  • ENTITY TYPE: Universities
  • TYPE OF DOCUMENT: RFP - Request for Proposals
The document is a request for proposals (RFP) for tax-exempt financing services from the University of Connecticut and UConn Health Center (UCHC). The document outlines the requirements and evaluation criteria for potential vendors to submit their proposals. The document includes information on the primary contacts with the University and UCHC, as well as their roles and experience. It also specifies the financing terms for different durations (12, 24, 36, 48, and 60 months) based on the Federal Reserve Publication H.15 index. A chart showing the index figures on a quarterly basis for the past three years is provided to evaluate rate trends. The RFP requires vendors to provide an itemized fee schedule, including all costs and expenses for the master lease agreement and subsequent take downs. The lease payment schedules should be calculated to provide a one dollar buy-out at the end of the lease term. The minimum amount to be financed is $5,000, and the University's average draw down frequency is two per month. Other requirements include options for lease pre-payment, refinancing of existing leases, billing procedures, references, tax exemption status, warranties or guarantees provided, and a proposed schedule for the contract. Vendors are also given the option to submit separate proposals for taxable lease financing. The evaluation process will be based on a comprehensive review and analysis of the proposals, considering factors such as the firm's experience and qualifications, professional capabilities, comprehensiveness and simplicity of the financing package, fee structure, and responsiveness to the objectives stated in the RFP. The lowest cost proposal will not be the sole determining factor, and the award will be given to the most responsible firm offering the best value. The document also includes an index table that will be used by the evaluation committee to compare the competitiveness of the financing formulas offered. Vendors are expected to utilize the financing formula specified in the proposal requirements section of the document to complete their proposals.
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