LA County Solicitations

Solicitation Information

Solicitation Number:

EQUIPFIN030320

Title:

LA COUNTY EQUIPMENT FINANCING - 120 MONTHS

Department:

Chief Executive Office

Bid Type:

Commodity

Bid Amount:

N/A

Commodity:

INSTALLMENT PURCHASE/LEASE PURCHASE FINANCING AND LEASE WITH

Description:

The County anticipates having a new equipment acquisition which will require equipment capital lease financing in the next 90 days. (However, we do not guarantee any particular amount of equipment financing). Please quote on the interest rate that your firm can commit to funding for each of the specified ranges of principal funding amount below. The attached financing documents will be used for the transaction. FINANCING BID REQUEST: Items to be financed through a capital lease: APX8000 Portable Radio, Model 3.5; HAZLOC Div. 1, Class 1 Portable Radio, Radio Management Software (OTAS), LA-RICS Features. Including: High Capacity Batteries, Microphone, Charger, Unit Chargers, and Antenna. Funding date: within approximately 90 days from bid response deadline Term: 120 months Payment frequency: monthly, in arrears First payment date: One month from funding date For principal funding amounts: $18,000,000 to $20,000,000 …… Interest Rate Bid: ___ % $20,000,001 to $22,000,000 …… Interest Rate Bid: ___ % $22,000,001 to $24,000,000 …….. Interest Rate Bid: ___ % NOTE: Bidders are not required to submit bids for all funding amount ranges; be sure to complete each range if intend to bid on it. Any range not filled in will be interpreted as a NO BID. NOTE: “interest rate” for this financing bid request is defined as the monthly periodic interest rate multiplied by 12. (e.g. A 1.000% interest rate = .0833% periodic interest x 12, and would equate to a $2,820.81 monthly payment on a $100,000 loan for 36 months, paid in arrears) BID RESPONSE DEADLINE IS MARCH 12, 2020 at 3pm pacific time. In their response, Bidders must provide: 1) The Interest Rate bid for the funding amount ranges they would like to bid on. 2) An executed copy of the Municipal Lease with Option to Purchase Agreement (MLOPA) indicating agreement to the terms and conditions in the Agreement. Individual copier financings will be completed as separate lease schedules under that agreement. Bidders will need to print out and insert the company name into the blank space on the front page of the agreement. And fill in the blank information on the Execution page prior to executing the agreement. Emailed submissions are acceptable to meet the deadline but originals are required to be delivered by the following day. Mailing address is: LA County Chief Executive Office Facilities and Asset Management Division, Room 754 500 W. Temple St., 7TH Floor Los Angeles, CA 90012 ATTN: Lilly Qi Please e-mail Lqi@ceo.lacounty.gov with any questions.

The County anticipates having a new equipment acquisition which will require equipment capital lease financing in the next 90 days. (However, we do not guarantee any particular amount of equipment financing).

Please quote on the interest rate that your firm can commit to funding for each of the specified ranges of principal funding amount below.

The attached financing documents will be used for the transaction.

FINANCING BID REQUEST:
Items to be financed through a capital lease: APX8000 Portable Radio, Model 3.5; HAZLOC Div. 1, Class 1 Portable Radio, Radio Management Software (OTAS), LA-RICS Features. Including: High Capacity Batteries, Microphone, Charger, Unit Chargers, and Antenna.
Funding date: within approximately 90 days from bid response deadline
Term: 120 months
Payment frequency: monthly, in arrears
First payment date: One month from funding date

For principal funding amounts:

$18,000,000 to $20,000,000 …… Interest Rate Bid: ___ %
$20,000,001 to $22,000,000 …… Interest Rate Bid: ___ %
$22,000,001 to $24,000,000 …….. Interest Rate Bid: ___ %

NOTE: Bidders are not required to submit bids for all funding amount ranges; be sure to complete each range if intend to bid on it. Any range not filled in will be interpreted as a NO BID.

NOTE: “interest rate” for this financing bid request is defined as the monthly periodic interest rate multiplied by 12. (e.g. A 1.000% interest rate = .0833% periodic interest x 12, and would equate to a $2,820.81 monthly payment on a $100,000 loan for 36 months, paid in arrears)

BID RESPONSE DEADLINE IS MARCH 12, 2020 at 3pm pacific time. In their response, Bidders must provide:

1) The Interest Rate bid for the funding amount ranges they would like to bid on.
2) An executed copy of the Municipal Lease with Option to Purchase Agreement (MLOPA) indicating agreement to the terms and conditions in the Agreement. Individual copier financings will be completed as separate lease schedules under that agreement. Bidders will need to print out and insert the company name into the blank space on the front page of the agreement. And fill in the blank information on the Execution page prior to executing the agreement.

Emailed submissions are acceptable to meet the deadline but originals are required to be delivered by the following day.

Mailing address is:
LA County Chief Executive Office
Facilities and Asset Management Division, Room 754
500 W. Temple St., 7TH Floor
Los Angeles, CA 90012
ATTN: Lilly Qi

Please e-mail Lqi@ceo.lacounty.gov with any questions.

Open Day:

3/3/2020

Closed Date:

3/12/2020 3:00:00 PM

Contact Name:

Lilly Qi

Contact Phone:

(213) 893-2476

Contact Email:

Lqi@ceo.lacounty.gov

Notice of Intent to Award (0) :

Click here to view notice intent to award list.

Notice of Award has not been added at this time.

This is a Notice of the County's "Intent" to make an Award. It does not represent a commitment on the part of the County nor does it signify a valid purchase agreement between the County and any supplier or service provider.

Until or unless a properly executed purchase order or service agreement is issued to a vendor, this "Intent" may be changed, modified or canceled at the sole discretion of the County. The County will assume no financial responsibility or obligation to any supplier or service provider based on this "Intent" to award.

Pursuant to County Purchasing Policy M-1100, A bid protest may be filed by Vendors who submitted a bid response for the intended award information below. Information and procedures for filing a bid protest can be accessed from LA County Bid/Vendor Protest Policy.

With limited exceptions, solicitations conducted under the statutory authority of the Purchasing Agent are price-based with the resultant award being made to the lowest, responsive, responsible bidder that fully meets and complies with all of the specifications and requirements of the solicitation.

Protest Policy
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Vendor Information
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Vendor Address:	{{nia.Address1}} {{nia.City}}, {{nia.StateCode}} {{nia.Zip}}

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Solicitation Award (1) :

Click here to view award list.

Award has not been added at this time.

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Last Changed On:

3/3/2020 1:56:23 PM

Attachment File (2) :

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Protest Policy
Pursuant to County Purchasing Policy M-1100, A bid protest may be filed by Vendors who submitted a bid response for the intended award information below. Information and procedures for filing a bid protest can be accessed from LA County Bid/Vendor Protest Policy.
Buyer Name: {{main.niadetailinfo.ContactName}}	Phone: {{main.niadetailinfo.ContactPhone}}	Email: {{main.niadetailinfo.ContactEmail}}

Notice of Intended Award Information
With limited exceptions, solicitations conducted under the statutory authority of the Purchasing Agent are price-based with the resultant award being made to the lowest, responsive, responsible bidder that fully meets and complies with all of the specifications and requirements of the solicitation.
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Vendor Information
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Vendor Address:	{{main.niadetailinfo.Address1}} {{main.niadetailinfo.City}}, {{main.niadetailinfo.StateCode}} {{main.niadetailinfo.Zip}}

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Phone:	{{main.awardvendorinfo.Phone}}	Fax:	{{main.awardvendorinfo.Fax}}
Email:	{{main.awardvendorinfo.Email}}

eCAPS PROCUREMENT HELP-DESK

Email:	eCAPS Procurement Team

Office Hours:	Monday-Friday
	8:00 am - 5:00 pm PST

Award Date:	{{main.awardinfo.OpenDate.slice(6,-2)\|date: 'MM-dd-yyyy'}}	Award Type:	{{main.awardinfo.BidType}}
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Contact Name:	{{main.awardinfo.ContactName}}	Contact Phone:	{{main.awardinfo.ContactPhone}}
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Vendor Address:	{{main.awardinfo.VendAddr1}} {{main.awardinfo.VendCity}} {{main.awardvendorinfo.VendState}}, {{main.awardinfo.VendZip}}

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