tc+#140+signed+contract+(002).pdf

This document is a Security Paper Contract between the State of North Dakota, acting through its State Procurement Office, and Banknote Corporation of America, a Delaware corporation located in Browns Summit, NC. The contract was initiated through a Request for Proposal (RFP) process and involves the procurement of security paper services.

The contract has an initial term from May 1, 2023 to April 30, 2024, with the potential for up to six 12-month renewal options. The estimated annual volume is 100,000 pieces, to be delivered in packages of 500, with the contractor responsible for printing, storing, and delivering the security paper. The contractor will be required to print and store one order of 100,000 pieces at no charge, with subsequent orders subject to additional charges. The security paper must be printed in a secure plant with strict destruction protocols, including a required Certificate of Destruction sent to the State within 3 days. Payment terms include compensation within 45 calendar days of invoice receipt, with the total contractual amount not to exceed the amounts specified in the contractor's original proposal.