for lease/purchase finance. The Illinois Public Higher Education Cooperative (IPHEC) is accepting sealed bids from qualified financial entities for the financing of electronic, data processing, telecommunications, copying, scientific research, medical equipment, and other capital equipment. Because of the sporadic nature of the Universities' needs to finance equipment, one, none, or all of the categories may be used during the time period of the bid. All interest rates will remain firm for the period January 1, 1999 through March 31, 1999.
The University reserves the right to accept or reject any and all bids or parts thereof. Vendor may expect payment thirty to sixty days after receipt of invoice, unless otherwise stated in the bid/RFP documents. Contingent on Board of Trustees approval. Bidding documents may be obtained by contacting the Purchasing Office. Illinois Department of Human Rights (IDHR) eligibility number is required on all bid proposals.
(Submitted by Michael Provenzano, State Purchasing Officer.)