Specifications

Proposal Number PSDF #P09-0004
INSTALLMENT CONTRACT FINANCING FOR FIRE APPARATUS
Surfside Beach Fire Department requests Installment Financing of fire apparatus and equipment
replacement.
1. Financing shall be used to fund the cost of three pumpers and one aerial device.
2. The interest rate shall remain fixed throughout the term of the financing and include any and
all fees or expenses associated with the financing.
3. Each Proposal shall be accompanied by an Amortization Schedule listing principal, interest
and total annual payments.
4. There shall be no Prepayment Penalty.
5. Among other factors, the low Proposal shall be determined by the lowest amount indicated for
a total cost of financing with the requirement that the Proposal shall meet all other conditions
in this Request for Proposal.
6. The terms of this financing are as follows:
a. Annual payments in arrears
b. Ten or twelve year amortization options
c. Fixed interest rate
d. Payment Schedule for each apparatus
7. Copy of required documents for financing contract shall be provided with Proposal.
8. The sole security for this financing shall be the apparatus financed.
9. Proposals will be evaluated based on total cost, ability to perform, requirements of the Lender
and experience.
10. By submitting a Proposal, each potential lender is agreeing to abide by all provisions of the
RFP. No terms or conditions of the lender may be imposed on the department that supersede
or contradict this RFP.
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