Optically Variable Thread (OVT) Overt Security Feature for NXG $100 Banknote
Awarded Award Notice Posted
- Solicitation number
- 2031ZA19R00004
- Agency
- Bureau of Engraving and Printing Department of the Treasury
- Awarded
- to Crane & Co., Inc.
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 2031ZA20D00001 Federal IDV award
- NAICS code
- 322121 Paper (except Newsprint) Mills
- PSC
- Not on record
Notice details come from SAM.gov. Updated .
About this opportunity
The Department of the Treasury Bureau of Engraving and Printing awarded Crane & Co. Inc. a $270 million sole-source contract to provide an optically variable thread overt security feature for incorporation into the new NXG $100 Federal Reserve Note over a ten-year ordering period. The optically variable thread is a vetted and approved overt security feature for enhancing banknote security under stringent Treasury Department requirements. Crane & Co. submitted a conforming technical and price proposal for continued supply of this security feature, having reliably met such requirements in the past.
Notice text
OVT is a specific overt security feature that has been vetted through and approved by the U.S. Department of the Treasury, Federal Reserve Board (FRB), and United States Secret Service (USSS) in conjunction with the Bureau of Engraving and Printing (BEP) to be used as an overt security feature on the NXG $100 Federal Reserve Note (FRN). The Secretary of the Treasury via the vetting process has determined that this specific technology will satisfy Treasury's requirements for standardization of currency security.
Crane & Co, Inc., has been a reliable source for meeting Dep't of Treasury's stringent requirement for OVT security feature which they submitted a full proposal (technical & price) on time.
Type of Negotiated Acquisition: Follow-on Sole-Source Acquisition under the authority of 41 U.S.C. § 3304(a) (1) as implemented by FAR 6.302-1, "Only One Responsible Source and No Other Supplies and Services will satisfy agency requirements."
The new proposed contract action has a special provision in excess of five (5) years with an ordering period of ten (10) years contract performance.. Awarded Vendors: Crane & Co. Inc.. Contract Award Dollar Amount: $270,000,000.00. Contract Award Date: 2019-10-18.
Attachments
| File | Type | Posted |
|---|---|---|
| Signed_JOFOC_for_OVT_Acquisition_-_10yr_Redacted.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| Optically Variable Thread (OVT) Overt Security Feature for NXG $100 Banknote | Award Notice | |
| Optically Variable Distinctive Security Thread | Special Notice |
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