Treasury Orders $8.3M in Currency Paper from Crane & Co. for 2026 Delivery
Contract Overview
Contract Amount: $8,316,468 ($8.3M)
Contractor: Crane & CO., Inc.
Awarding Agency: Department of the Treasury
Start Date: 2026-01-16
End Date: 2026-03-31
Contract Duration: 74 days
Daily Burn Rate: $112.4K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: WCF MARCH 2026 $1 & $20 CURRENCY PAPER ORDER
Place of Performance
Location: DALTON, BERKSHIRE County, MASSACHUSETTS, 01226
Plain-Language Summary
Department of the Treasury obligated $8.3 million to CRANE & CO., INC. for work described as: WCF MARCH 2026 $1 & $20 CURRENCY PAPER ORDER Key points: 1. Significant order for currency paper, highlighting demand for U.S. dollar notes. 2. Crane & Co. is a long-standing supplier, indicating potential market concentration. 3. Risk of supply chain disruption for essential currency production. 4. Sector focus on paper manufacturing for government applications.
Value Assessment
Rating: good
The contract value of $8.3 million for currency paper appears reasonable given the specialized nature of the product and the supplier's established role. Benchmarking against similar government paper procurements 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. This method is expected to yield fair pricing and ensure the government receives the best value.
Taxpayer Impact: Taxpayer funds are used for essential government operations, ensuring the continuity of currency production.
Public Impact
Ensures availability of U.S. currency for public circulation. Supports the Bureau of Engraving and Printing's operational needs. Maintains the integrity and supply of U.S. dollar banknotes.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Supplier concentration risk
- Potential for supply chain disruptions
Positive Signals
- Full and open competition
- Firm fixed price contract
Sector Analysis
This procurement falls within the paper manufacturing sector, specifically for specialized currency paper. Government benchmarks for such niche paper products are not readily available, but the value is consistent with large-scale printing operations.
Small Business Impact
The data does not indicate any specific participation or benefit for small businesses in this particular contract award.
Oversight & Accountability
The Bureau of Engraving and Printing, under the Department of the Treasury, is responsible for this procurement. Standard government procurement oversight processes would apply.
Related Government Programs
- Paper (except Newsprint) Mills
- Department of the Treasury Contracting
- Bureau of Engraving and Printing Programs
Risk Flags
- Supplier dependency
- Potential for price increases in future orders
- Supply chain vulnerability
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 $8.3 million to CRANE & CO., INC.. WCF MARCH 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 $8.3 million.
What is the period of performance?
Start: 2026-01-16. End: 2026-03-31.
What is the historical pricing trend for this specific type of currency paper from Crane & Co.?
Analyzing historical pricing data for this specialized currency paper from Crane & Co. would reveal if the current $8.3 million award represents an increase, decrease, or stable cost compared to previous orders. This context is crucial for assessing long-term value and identifying potential cost efficiencies or escalations over time.
What are the contingency plans if Crane & Co. experiences production or delivery issues?
Given Crane & Co.'s established role, understanding the contingency plans in place is vital. This includes assessing if alternative suppliers exist, the lead time for switching, and any contractual clauses for non-performance to mitigate risks to the U.S. currency supply chain.
How does the quality and security of this currency paper compare to international standards?
Assessing the quality and security features of the currency paper against international standards ensures the U.S. dollar maintains its integrity and resistance to counterfeiting. This involves evaluating the materials, security threads, watermarks, and other anti-counterfeiting measures employed in the paper's production.
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: $8,316,468
Exercised Options: $8,316,468
Current Obligation: $8,316,468
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: 2026-01-16
Current End Date: 2026-03-31
Potential End Date: 2026-03-31 00:00:00
Last Modified: 2026-02-04
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