This federal contract award is for the delivery of distinctive currency paper, non-distinctive banknote paper, and other specialized security materials to the U.S. Department of the Treasury's Bureau of Engraving and Printing (BEP). The contract was awarded to Crane & Co., Inc., a diversified manufacturing company with a specialized Crane Currency division that serves as the sole supplier of paper for U.S. currency.
The contract, valued at $5,160,758.40, is a delivery order issued under Crane & Co.'s two larger Indefinite Delivery/Indefinite Quantity (IDIQ) contracts with the BEP. The primary IDIQ contract, valued at $1.683 billion, covers the provision of distinctive currency paper, non-distinctive banknote paper, and other specialized security materials for Federal Reserve note production. A second $270 million IDIQ contract focuses specifically on optical variable window security threads.
This particular delivery order, which has a firm fixed-price pricing type, covers the ordering period 5, tier 1, and includes paper for the Next Generation $100 bill. The contract has no set-aside designation, reflecting Crane Currency's unique position as the sole technical source for these critical currency production materials. The place of performance is Dalton, Massachusetts.
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