Southern Illinois University Carbondale
Announcement of an Emergency Award/Quick Purchase
Vendor: AFC Financial Services, LLC
Final Amount: $1,077,398.28
The State Purchasing Officer for this procurement is now Steve Todt.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Vendor: AFC Financial Services, LLC, Chandler, AZ
Amount: An estimated $1,077,398.28
Terms:
An estimated start date of 7/10/2017 through 10/8/2017
Renewals:
None
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Tuesday, July 11, 2017
The University awarded a contract for financing of 3 Piper Arrow III aircraft.
This emergency/quick purchase was required due to a situation in which immediate action was needed to prevent any disruption in University services.
Due to the State?s current fiscal situation, vendors have been unwilling to extend financing to State Agencies and Universities. IPHEC?s quarterly bid process has been placed on hold until such a time that a consistent level of State appropriation can be achieved. The University reached out to several banks and third-party vendors, including those that consistently respond to IPHEC quarterly bids, and they all passed on the financing of this equipment with most citing the state budget impasse.
Finding a right fit for financing levels, with favorable financing terms has become extremely difficult. AFC Financial Services LLC has agreed to finance the planes at a reasonable rate for the seven (7) year term to accommodate the aviation program?s budget/finance responsibility.
The SIU Aviation Department sought a sole source award, K20613600021S17, awarded on 6/6/17 for the purchase of three Piper Arrow III planes. The planes are urgently needed to meet the complex aircraft requirement for the Commercial Pilot and CFI curriculum which require planes with retractable landing gear. The Piper Arrow is the only aircraft that meets these requirements currently in production. The retractable landing gear on the University?s existing planes has experienced malfunction and is creating safety concerns. If this request is not approved, the SIU Aviation Department will be unable to purchase these planes and may be forced to discontinue offering the Commercial Pilot and CFI certification.
For additional information, contact:
State Purchasing Officer - Steve Todt
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.
