The Department of the Treasury Bureau of Engraving and Printing awarded a multiple-award Basic Ordering Agreement to Koenig & Bauer Banknote Solutions SA for testing, manufacturing, and process development services. The potential value of the IDV is $5,000,000 with task orders permitted through April 2025.
The original solicitation sought these services to support the Bureau's mandate to design and produce United States currency notes and other secure documents. No set-aside provisions were used. The resulting IDV establishes terms and conditions for the Bureau to issue firm-fixed price or labor-hour task orders for activities like research and development, equipment installation and maintenance, and process improvements. This mechanism streamlines the acquisition of specialized capabilities to fulfill currency production requirements over the next five years.
Generated 1/5/24, 12:20 AM