Illinois Public Higher Education Cooperative
Invitation for Bid: IPHEC Lease/Purchase Financing
Number of unsuccessful, responsive bidders:
Vendor: U.S. Bancorp Gov. Leasing & Finance, Denver, CO
Amount: An estimated $1
An estimated start date of 4/1/2016 through 6/30/2016
Because of the sporadic nature of the universities' needs to finance equipment, one, none or all of the categories identified in the invitation for bid may be used for the quarter April 1, 2016 through June 30, 2016.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Friday, March 4, 2016
Sealed bids will be accepted at the address below until 3:00 PM, Tuesday March 22, 2016:
Purchasing Division (M/C 560)
809 South Marshfield Avenue
Chicago, IL 60612-7203
The Illinois Public Higher Education Cooperation (IPHEC) is accepting bids from qualified financial entities for the financing of electronic data processing, telecommunications, copying, scientific research, medical, surgical, laboratory and other capital equipment for the period April 1, 2016 through June 30, 2016.
For additional information, contact:
State Purchasing Officer - Lee Saulter
The University reserves the right to accept or reject any and all responses or parts thereof. Vendor may expect payment thirty to sixty days after receipt of invoice, unless otherwise stated in the bid documents. Illinois Department of Human Rights
(IDHR) eligibility number is required on all proposals, if applicable. This procurement may be contingent on Board of Trustees approval. Solicitation documents may be obtained by contacting the Purchasing Office. There is no BEP goal for this procurement. The contract(s) for this solicitation could exceed $50,000 annually.
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.