Check Paper

Added: Jul 09, 2009 10:38 am Department of the Treasury, Financial Management Service (FMS) awarded a modification (number 0016) to contract TFMS-HQ-06-K-0020 (RIS Paper Company), in the dollar amount of $45,000.00, for an increased delivery of 72,000 lbs of White CWS paper. The paper is for printing of checks for fiscal year 2009 Economic Recovery Payments (ERP). The paper had to be in house for the required check disbursement date of 5/13/09. Specifications for the paper are exacting and no other vendor could provide proven, tested paper for the checks within required time frames. This paper has been successfully tested and is currently being used at Financial Management Service, Regional Finance Centers. Competing this acquisition would have required extensive testing, which could not be accomplished and give the agency adequate time to meet the check disbursement deadline. RIS Paper Company was awarded the original contract on October 1, 2006, under GSA schedule contract number GS-02F-0079N. The contract was awarded to a small business on a competitive basis at a fixed price.