This Invitation to Bid document solicits Bids for the provision of business-class HP, Inc. (HP) computers and associated accessories (hereinafter “Hardware”) and accompanying warranty services per the specifications in the Pricing Page (Exhibit D). The City intends to either enter into a lease-to-own arrangement with the successful bidder for the provision of the hardware or purchase the Hardware outright. If a lease-to-own arrangement is bid and selected, the City expects and intends that a written lease-to-own arrangement will be agreed to between the two Parties, upon the City’s selection of the lowest Bid, with ownership of the Hardware to transfer from the lessor to the City at the end of the lease term. The City then intends to purchase the Hardware for a nominal fee ($1) at the end of the lease term. The City further reserves the right to source its own financing agreement partner for the Hardware, at its sole discretion. It is the City’s sole discretion at the time of ordering to use the lease-to-own option or pay the upfront purchase price agreed to in the agreement.
