JOFOC_Redacted.pdf
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- Attached to
- BAZAAR V - AWARD NOTICE
- Solicitation number
- 2031ZA25D00005
About this file
This document is a Justification for Other Than Full and Open Competition (JOFOC) from the U.S. Department of the Treasury's Bureau of Engraving and Printing (BEP). The sole-source contract is for continued Research and Development (R&D) with Rolic Technologies Ltd. to develop advanced overt security features for U.S. currency, specifically a polarization-based counterfeit deterrent system. The procurement is an Indefinite Delivery, Indefinite Quantity (IDIQ) Firm-Fixed Price contract with a four-year ordering period, estimated at $45.7 million, targeting the development of a micro-optical lens array-based security feature with unique optical effects.
The justification emphasizes Rolic Technologies' unique technological capabilities, highlighting that they are the only known source capable of producing the required security feature with high visual effect, difficulty of simulation, and reverse-engineering resistance. The contract represents a continuation of previous technology development efforts, with the ultimate goal of integrating a fully functional polarization-based overt counterfeit deterrent element into U.S. Federal Reserve Notes. BEP has conducted extensive market research, including patent searches, Request for Information (RFI) postings, and vendor conferences, and determined that Rolic remains the most qualified vendor for this specialized currency security technology development.
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Version No.: 3 Version Date: March 2025
Approved by: Chief, Office of the Chief Procurement Officer developed features and application of the features onto US distinctive paper substrate at a secure BEP facility with work performed by trained BEP personnel.
Therefore, BEP, Office of the Chief Procurement Officer, Production Contracting Division, Material Section proposes to award a sole-source acquisition to Rolic Technologies Ltd. for the continuing development of overt and device-assisted security features unique to USCP & for retention of exclusivity rights for the proprietary technologies relating to overt surface-applied security features with unique optical effects that is exclusive for the next generation of United States (U.S.) currency. In this instance, the proposed source shall furnish facilities, labor and materials to produce an overt, polarization-based counterfeit deterrent system in accordance with the Statement of Objectives at the task order level. The BEP anticipates a sole-source Firm-Fixed Price (FFP) Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a four (4) year ordering period to Rolic Technologies Ltd. estimated at $45.7M total contract value.
The Government will provide a firm-fixed-price, not to exceed, amount for travel and consumables and will only pay for actual cost incurred for travel and consumables items.
Vendor�s Information:
Rolic Technologies Ltd.
Gewerbestrasse 18 4123 Allschwil Switzerland Tel. +41 (0)61 487 22 22 Fax +41 (0)61 487 22 99 rolic.ch www.rolic.com
BASF SE
Carl-Bosch-Str. 38 Ludwigshafen am Rhein Germany Telephone: +49 (0)621 60-0 Telefax: +49 (0)621 60-42525 www.basf.com/en/
The required technology is proprietary to Rolic Technologies Ltd. and only available from this one responsible source. The BEP anticipates sourcing this requirement from the current development contractor in order to retain the investment in a technology that has been developed exclusively for use by the BEP and unavailable from any other source.
Version No.: 3 Version Date: March 2025
Approved by: Chief, Office of the Chief Procurement Officer
8. TREASURY CHIEF INFORMATION OFFICER APPROVAL (Required for purchases of Information Technology (IT) when exceeding $75 million). (NON-DELEGABLE). I have reviewed this justification and find it to be accurate and complete to the best of my knowledge and belief.
Therefore, unless additional approvals are required as prescribed herein, as the Treasury Chief Information Officer, I hereby approve this justification for other than full and open competition.
Name/Title N/A
Signature and Date N/A
9. SENIOR PROCUREMENT EXECUTIVE APPROVAL (Required when exceeding $75 million) (NON-DELEGABLE). I have reviewed this justification and find it to be accurate and complete to the best of my knowledge and belief. Therefore, I hereby approve this justification for other than full and open competition.
Name/Title N/A
Signature and Date N/A
File details come from the government source that posted it. Updated .