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This Government Contract opportunity was posted on October 31, 2019. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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

Awarded
2031ZA19R00004Federal

Contract Overview

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This contract awards Crane & Co, Inc. the production of the Optically Variable Thread (OVT), a critical overt security feature for the NXG $100 Federal Reserve Note. The technology has been vetted and approved by the U.S. Department of the Treasury, the Federal Reserve Board, the United States Secret Service, and the Bureau of Engraving and Printing to ensure it meets strict standardization requirements for currency security. The agreement is structured as a follow-on sole-source acquisition under the authority of 41 U.S.C. 3304(a)(1) and FAR 6.302-1, based on the determination that Crane & Co, Inc. is the only responsible source capable of satisfying the agency's requirements. The contract includes a special provision extending beyond five years, featuring a total ordering period of ten years for contract performance.

General Info

Agency

N/A

Contract Value

$0

NAICS

322121 - Paper (except Newsprint) Mills

Place of Performance

USA

Set-Aside

NONE

Award Issued Date

Documents

0

No documents available

Documents will appear here when they are available.

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Timeline

PhaseAwarded
Posted

special-notice

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyN/A
Contacts2 people available
OfficeN/A
Organization / Agency
N/A
Office AddressN/A
Contacts
Antonio SixonContracting Officer
William BrabsonContract Specialist

Full Description

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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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