Should the Lessor pay for the equipment before the Lessee has received the equipment?
No, the Lessee must receive and accept the equipment from the vendor before any payment is made to the vendor. You should be positioned to pay for that equipment when it is delivered and accepted by the Lessee. Failure to promptly pay the vendor after Lessee’s acceptance would result in Lessor being prohibited by GovLease.Net from entering further bids on GovLease.Net. Payment delays to vendors can damage vendor/Lessee relationships.
