Government Equipment Leasing
Learn how your business may be able to lease equipment to federal, state and municipal governmentsIf your business leases equipment to commercial or industrial companies, leasing equipment to the government can be a different and more complex process, including federal, state and municipal governments. In particular, government methods of equipment and transaction evaluation often require more detailed documentation, involving more bureaucratic hurdles.
Before entering this highly competitive state, local or federal government equipment leasing market, understand potential roadblocks and requirements that include:
- Government procurement regulations, including Federal Acquisition Requirements (FAR)
- The document review process
- Custom-tailored government programs for vendors
- GSA (Government Services Administration) scheduling for federal government leasing contracts
- Straight or true government equipment leasing
- Equipment leasing with an option to purchase
- Lease to ownership plan
- Tax-exempt lease purchase agreement, mostly pertaining to municipal equipment leasing
- Buildings and facilities
- Emergency response
- Engineering, testing and measuring
- Vehicle fleets
- Green and environmental solutions
- Ground maintenance and landscaping
- Highways, streets and bridges
- Information management and technology
- Material handling
- Office equipment and supplies
- Parks and recreation
- Snow and ice control
- Traffic and parking control
- Waste management
- Worker protection
Learn about the types of government equipment leasing agreements available for vendors
Learn the specifics on leasing equipment to the governmentFind out about federal equipment leasing to the US General Services Administration (GSA) and other agencies.
GSA Schedule as a leasor/contractor. GSA recommends that vendors participate in the GSA Schedules Program or take online courses from the GSA Center for Acquisition Excellence. Or, you can participate in the vendor "Pathway to Success" training web seminar. GSA Advantage is a purchasing service for federal employees offering equipment from vendors and advice on business issues, such as government equipment rates. See a typical GSA government lease contract, in this case for the Hertz Corporation (PDF). Learn about leases and lease purchases of capital assets via the Office of Federal Procurement Policy (OFPP) (PDF). Read the specific part of the Federal Acquisition Regulation (FAR) regarding equipment lease or purchase.
Find out how your business can do equipment leasing to state government and municipalitiesFor how-to advice, visit websites of major financial institutions and corporations that deal with state government leasing and city government leasing.
California Legislative Analyst's Office website about the state's GS $Mart Program geared to the issue of state government leasing and purchasing of equipment. See the Sony Corporation website for a corporate view dealing with state and city leasing agreements regarding equipment and products. For a financial view of leasing equipment and products to state and municipal governments, read extensive information from Bank of America Government Services. Find out about state and local government tax-exempt leasing from GE Capital Energy Services Group.
- Typical equipment leased by the GSA includes IT equipment, office furniture, and construction and road maintenance equipment.
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