“Experts recognize cooperative purchasing as a well established government procurement tool with an estimated $50 billion spent through cooperative contracts by state and local governments in 2022.” – Sourcewell How-to Guide to Cooperative Purchasing for Fire-Rescue Service Leaders
Critical equipment purchases shouldn’t be hindered by budgets and PPE shouldn’t be considered wish list items. Budgeting for finance payments is infinitely easier than trying to tackle the entire equipment cost for your community. Financing allows you to complete your entire project, including associated soft cost, all at once rather than phasing or downsizing your purchase. With NCL and our flexible, customized solutions such as a tax-exempt municipal lease, your purchasing power is increased as much as 5-7X allowing you to utilize your current & future budget(s) for the items your community needs today. These lease payments are not considered long term debt and will not count towards your debt limit with each TEML featuring non-appropriation language. Learn more about public safety financing options here.
NCL Government Capital recently had the honor of assisting our own community with the purchase of a ladder truck.
“Working with NCL Government Capital was a learning process for all of us. In the past our equipment purchases were limited to the funds we had on hand. We discovered financing opportunities that changed our traditional ways of thinking, which will open more doors for us in the future. NCL will be one of the first calls we make when the opportunity arises again.” – Jane Blade, Finance Director, City of Alexandria
You can learn more about the benefits of cooperative purchasing for fire-rescue service leaders via this How-to guide from Sourcewell!