Financing of Various Vehicles and Accessories for the County of Atlantic (Tax Exempt)

Background

The County of Atlantic, a body corporate and politic of the State of New Jersey, is seeking to engage a contractor for the financing of various vehicles and accessories. The goal of this contract is to secure funding for the purchase of essential equipment that supports the County's operations and services.

Work Details

The contractor will provide financing for the purchase of various vehicles and accessories totaling $1,231,887.17 over a term of 60 months. The specific items to be financed include: 1) One 2027 Freightliner tractor with Landoll trailer ($357,121.17) 2) One PacMac 60,000lb Roll Off ($269,756.00) 3) Six Mini Dump Trucks with plows ($605,010.00). Payments will be made quarterly on March 1, June 1, September 1, and December 1 during the five-year term following delivery of the equipment. All financing documents must comply with relevant Federal and New Jersey laws and regulations.

Period of Performance

The financing term is set for 60 months, commencing upon execution of the agreement.

Place of Performance

The financing will be utilized for vehicles and accessories intended for use within Atlantic County, New Jersey.

Bidder Requirements

Bidders must provide proof of compliance with all relevant Federal and New Jersey laws regarding financing agreements. Additionally, bidders should ensure that ownership of the equipment remains with the Lessor during the term as per NJAC 5:34-3.3.