UMN OIT - Fortinet Equipment and Licensing RFB

The Office of Information Technology at the University of Minnesota is looking to acquire some Fortinet equipment and 1 year of associated licensing as set forth in the attachment to this RFB. The services and support for the equipment purchased under this RFB will be rolled into and covered under the University's existing agreement. The University has existing Fortinet equipment and is not looking for additional, substitute or alternative products.
The University's current Fortinet contract has a renewal date of July 1 with an end date of June 30, 2027. Due to this existing agreement, the timing of this purchase is important. The purchase will have to be made after July 1, 2026, and Fortinet would be looking to receive payment from the awarded authorized reseller prior to July 15, 2026. The University's fiscal year end comes to a close on June 30, 2026, and reopens for FY27 on July 1 with standard NET terms of 30 days from invoice receipt. So the awarded authorized reseller would likely have to agree to that specific timing of advanced payment to Fortinet on the University's behalf with payment from the University within its standard given the fiscal year end and Fortinet's desired payment date.