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Optically Variable Thread (OVT) Overt Security Feature for NXG $100 Banknote   2

ID: 2031ZA19R00004 • Type: Award Notice • Match:  100%
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Description

OVT is a specific overt security feature that has been vetted through and approved by the U.S. Department of the Treasury, Federal Reserve Board (FRB), and United States Secret Service (USSS) in conjunction with the Bureau of Engraving and Printing (BEP) to be used as an overt security feature on the NXG $100 Federal Reserve Note (FRN). The Secretary of the Treasury via the vetting process has determined that this specific technology will satisfy Treasury's requirements for standardization of currency security.
Crane & Co, Inc., has been a reliable source for meeting Dep't of Treasury's stringent requirement for OVT security feature which they submitted a full proposal (technical & price) on time.

Type of Negotiated Acquisition: Follow-on Sole-Source Acquisition under the authority of 41 U.S.C. 3304(a) (1) as implemented by FAR 6.302-1, "Only One Responsible Source and No Other Supplies and Services will satisfy agency requirements."
The new proposed contract action has a special provision in excess of five (5) years with an ordering period of ten (10) years contract performance.
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Overview

Awardee
Crane &
Award ID
2031ZA20D00001
Reported Award
$270,000,000
Agency
Bureau of Engraving and Printing (BEP) [USDT]
Award Date
Oct. 18, 2019
Posted
Oct. 31, 2019, 2:37 p.m. EDT
Set Aside
None
NAICS
322121 - Paper (Except Newsprint) Mills
PSC
99 - Miscellaneous
Place of Performance
Not Provided
Source
Open
Current SBA Size Standard
1250 Employees
Pricing
Likely Fixed Price
Est. Level of Competition
Sole Source
Optically Variable Thread (OVT) Overt Security Feature for NXG $100 Banknote (2031ZA19R00004) was awarded to Crane & on 10/31/19 by Bureau of Engraving and Printing.
Primary Contact
Title
Contracting Officer
Name
Antonio Sixon   Profile
Email
antonio.sixon@bep.gov
Phone
(202) 874-4869

Secondary Contact

Title
Contract Specialist
Name
William Brabson   Profile
Email
william.brabson@bep.gov
Phone
(202) 874-3153

Documents

Posted documents for Award Notice 2031ZA19R00004

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Opportunity Lifecycle

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Award Notifications

Agency published notification of awards for Award Notice 2031ZA19R00004

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Additional Details

Source Agency Hierarchy
TREASURY, DEPARTMENT OF THE > Bureau of Engraving and Printing > Office of Acquisition
Source Organization Code
763e8ce2bd7b3b6f78c82372b3d823e8
Last Updated
Nov. 2, 2019
Last Updated By
PI33_DR_IAE_51681
Archive Date
Nov. 2, 2019