Treasury's Bureau of Engraving and Printing Orders $760K in Currency Paper from Crane & Co., Inc
Contract Overview
Contract Amount: $7,596,484 ($7.6M)
Contractor: Crane & CO., Inc.
Awarding Agency: Department of the Treasury
Start Date: 2025-12-10
End Date: 2026-02-25
Contract Duration: 77 days
Daily Burn Rate: $98.7K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: WCF FEBRUARY 2026 $1 & $20 CURRENCY PAPER ORDER
Place of Performance
Location: DALTON, BERKSHIRE County, MASSACHUSETTS, 01226
Plain-Language Summary
Department of the Treasury obligated $7.6 million to CRANE & CO., INC. for work described as: WCF FEBRUARY 2026 $1 & $20 CURRENCY PAPER ORDER Key points: 1. Significant contract awarded to a single, established supplier. 2. Focus on specialized currency paper highlights a niche market. 3. Potential for price fluctuations given the specialized nature of the product. 4. This order falls within the 'Paper Mills' industrial sector.
Value Assessment
Rating: good
The contract value of $759,648 for currency paper appears reasonable given the specialized nature and the supplier's established role. Benchmarking against similar specialized paper contracts would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. However, the specific nature of currency paper may limit the number of viable bidders, potentially impacting price discovery.
Taxpayer Impact: Taxpayer funds are being used for essential government operations, specifically the production of currency. The competitive process aims to ensure value for money.
Public Impact
Ensures the continued production of U.S. currency. Supports the Bureau of Engraving and Printing's operational needs. Impacts the supply chain for specialized paper manufacturing.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Reliance on a single supplier for critical currency paper.
- Potential for supply chain disruptions affecting currency production.
Positive Signals
- Awarded through full and open competition.
- Clear delivery timeline established.
Sector Analysis
The contract is within the paper manufacturing sector, specifically for specialized currency paper. Benchmarks for this niche are difficult to ascertain publicly, but the value appears consistent with the specialized nature of the product.
Small Business Impact
The data indicates no specific set-aside for small businesses in this contract. The specialized nature of currency paper production may present barriers for smaller firms to compete.
Oversight & Accountability
The Bureau of Engraving and Printing is responsible for this procurement. Standard government oversight processes for contract execution and quality control would apply.
Related Government Programs
- Paper (except Newsprint) Mills
- Department of the Treasury Contracting
- Bureau of Engraving and Printing Programs
Risk Flags
- Sole-source supplier risk
- Supply chain vulnerability
- Limited competition for specialized goods
- Potential for price escalation
Tags
paper-except-newsprint-mills, department-of-the-treasury, ma, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $7.6 million to CRANE & CO., INC.. WCF FEBRUARY 2026 $1 & $20 CURRENCY PAPER ORDER
Who is the contractor on this award?
The obligated recipient is CRANE & CO., INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of Engraving and Printing).
What is the total obligated amount?
The obligated amount is $7.6 million.
What is the period of performance?
Start: 2025-12-10. End: 2026-02-25.
What is the historical pricing trend for this specific type of currency paper from Crane & Co., Inc.?
Analyzing historical pricing data for this specific currency paper from Crane & Co., Inc. would reveal if the current price represents an increase, decrease, or stability over time. This context is crucial for assessing long-term value and identifying potential cost-saving opportunities or inflationary pressures.
What are the risks associated with relying on Crane & Co., Inc. as the primary supplier for U.S. currency paper?
The primary risks include potential supply chain disruptions due to unforeseen events affecting Crane & Co., Inc., such as natural disasters, labor disputes, or financial instability. Over-reliance could also limit negotiating leverage and stifle innovation if alternative suppliers are not cultivated.
How effectively does the 'full and open competition' process ensure optimal value for specialized currency paper?
While 'full and open competition' is the standard, the specialized nature of currency paper may inherently limit the number of qualified bidders. The effectiveness hinges on whether the competition genuinely drives down costs and improves quality, or if the market is de facto limited to a few key players.
Industry Classification
NAICS: Manufacturing › Pulp, Paper, and Paperboard Mills › Paper (except Newsprint) Mills
Product/Service Code: NONMETALLIC FABRICATED MATERIALS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Crane CO.
Address: 30 SOUTH ST, DALTON, MA, 01226
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $7,596,484
Exercised Options: $7,596,484
Current Obligation: $7,596,484
Actual Outlays: $3,975,620
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: YES
Parent Contract
Parent Award PIID: 2031ZA21D00002
IDV Type: IDC
Timeline
Start Date: 2025-12-10
Current End Date: 2026-02-25
Potential End Date: 2026-02-25 00:00:00
Last Modified: 2025-12-10
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