Analysis and Decision-Making Tips for RFP

Most equipment lives. Department of Commerce U.S. Report 80% of all businesses that finance equipment, choose to lease to finance new assets. Formal rental requests for proposals (RFP) structured for your specific business needs are the best way to get rent that achieves your business goals and brings more to your bottom line. 

Start the RFP process by setting your RFP team and building a budget and schedule. Then develop RFP based on your specific requirements. There are several important items that need to be remembered when you analyze the leasing proposal and enter the negotiation process. You can consider the RFP training if you want to become an RFP consultant with a successful decision-making process.

The last step.

1. Analysis: The lowest selling price or lowest rent payment is rarely the best deal. Look at the total cost of rent for the life of the contract.

2. Know and understand the terms and conditions of the lease. Read all rental contracts at least three times. Check all the maintenance and service contracts from each equipment distributor. Who will maintain equipment according to the manufacturer's recommendations? It is very important that someone is committed to providing timely preventive maintenance to avoid expensive emergency service calls. 

3. Rent's Quotes: Get quotes that include the rental of market purchase options that are fair, fixed purchase options, and rent purchases $ 1. The lease period must be one that works, not only because monthly payments are in accordance with the company's cash flow, but because The parallel rental length of time equipment will be worth in your company's plan.