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Asset Lease Financing Solution

Details

Tender Closed
RFx ID : 20198631
Tender Name : Asset Lease Financing Solution
Reference # : MOE00270
Open Date : Monday, 1 October 2018 9:00 AM (Pacific/Auckland UTC+13:00)
Close Date : Monday, 29 October 2018 1:00 PM (Pacific/Auckland UTC+13:00)
Department/Business Unit : Corporate and Governance
Tender Type : Request for Proposals (RFP)
Tender Coverage : Sole Agency  [?]
Categories :
  • 84000000 - Financial and Insurance Services
Regions:
  • New Zealand
Required Pre-qualifications : None
Contact : Emer Beatson
Moe.Procurement@education.govt.nz
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Overview

The Ministry of Education (MOE) requires a non-exclusive operating lease compliant asset finance solution for a broad range of asset classes.

The initial focus will be on edge devices (i.e. laptops and tablets), both the lease of new devices and the sale and leaseback of some existing devices, subject to financial assessment. Other assets may be considered at a future date on merit.

The scope of the financing solution sought covers the following:

• The provision of complaint operating lease solutions (in the context of the Public Finance Act 1989 and the New Zealand equivalent of International Accounting Standards)
• Evidence of independent advice (from a neutral third party legal or accounting firm) detailing a Respondent’s Master Lease Agreement and proposed commercial structure is an operating lease according to IFRS 16 Leases
• The ability to offer operating leases in at least two of the following asset classes, one of which must be Computer Hardware (Respondents who can only fulfil one of these asset classes need not apply):
- Computer Hardware
- Computer Software
- Plant and Equipment
- Furniture and Fittings
- Motor Vehicles.