NextGen M8 Machines and Maintenance Service Plan

IAW FAR 5.301(c), the following post award synopsis is provided for this acquisition which was covered by the WTO GPA.

The notice of intent to sole source that was posted on the GPE did not generate any responses. No interested parties emerged nor identified their interest and capabilities. Not having any interested parties utilizing the opportunity to express interest or provide a capability statement, further strengthened the justification to proceed as a sole source requirement.

Procurement proceeded on a Sole Source basis with the Original Equipment Manufacturer (OEM) with proprietary obligations and restrictions used by the Federal Reserve Board currency inspection system. The equipment is a custom-designed currency inspection system that must perform a variety of detection of security features on FRN at very high speed, must interface correctly with several third-party sensors, must process features unique to Federal Reserve Notes (FRNs), and must yield identical results to the M8 systems in use by the FRB.