Treasury's Bureau of Engraving and Printing awards $2.26M contract for paper to Crane & Co., Inc
Contract Overview
Contract Amount: $225,960 ($226.0K)
Contractor: Crane & CO., Inc.
Awarding Agency: Department of the Treasury
Start Date: 2026-04-09
End Date: 2026-05-26
Contract Duration: 47 days
Daily Burn Rate: $4.8K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: ECF NON-DISTINCT TYPE 1 50-SUB.
Place of Performance
Location: DALTON, BERKSHIRE County, MASSACHUSETTS, 01226
Plain-Language Summary
Department of the Treasury obligated $225,960 to CRANE & CO., INC. for work described as: ECF NON-DISTINCT TYPE 1 50-SUB. Key points: 1. Contract awarded to Crane & Co., Inc., a known supplier. 2. Spending is within the Paper Mills sector. 3. Potential risk associated with reliance on a single supplier for critical materials. 4. Competition was full and open, suggesting fair pricing discovery.
Value Assessment
Rating: good
The contract value of $2.26 million for 47 days of supply appears reasonable given the specialized nature of currency paper. Benchmarking against similar contracts for high-security paper 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, indicating a competitive bidding process. This method generally leads to better price discovery and value for the government.
Taxpayer Impact: Taxpayer funds are being used for essential government operations, with competition aiming to ensure efficient use of these funds.
Public Impact
Ensures continued production of U.S. currency. Supports a specialized domestic manufacturing capability. Potential for price fluctuations in future procurements if competition narrows.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Reliance on a single supplier for critical input.
- Potential for supply chain disruption.
Positive Signals
- Established supplier with proven track record.
- Competitive award process.
Sector Analysis
This contract falls under the Paper (except Newsprint) Mills sector, specifically for currency paper. Spending benchmarks for this niche industry are difficult to ascertain publicly but are generally high due to security and quality requirements.
Small Business Impact
The data indicates this contract was not awarded to a small business. Further analysis would be needed to determine if small businesses were excluded from the bidding process or if the nature of the product limits their participation.
Oversight & Accountability
The Bureau of Engraving and Printing is responsible for this procurement. Standard government procurement oversight applies, ensuring compliance with regulations and contract terms.
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.
- Potential for price escalation in future contracts.
- Limited visibility into specialized market competition.
Tags
paper-except-newsprint-mills, department-of-the-treasury, ma, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $225,960 to CRANE & CO., INC.. ECF NON-DISTINCT TYPE 1 50-SUB.
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 $225,960.
What is the period of performance?
Start: 2026-04-09. End: 2026-05-26.
What is the historical pricing trend for this specific type of currency paper from Crane & Co., Inc.?
Historical pricing data for this specialized currency paper is not publicly available. However, the current contract's firm fixed price suggests a commitment to a specific cost. Analyzing past awarded contracts for similar paper types and quantities could reveal pricing trends and potential cost savings over time.
What are the risks associated with relying on Crane & Co., Inc. for such a critical component of U.S. currency production?
The primary risk is supply chain disruption due to unforeseen events affecting Crane & Co., Inc., such as natural disasters, labor disputes, or financial instability. Dependence on a single source could also limit the government's leverage in future price negotiations, potentially leading to higher costs.
How effectively does the full and open competition process ensure optimal value for taxpayer dollars in procuring specialized currency paper?
Full and open competition is designed to maximize value by encouraging multiple bidders to offer their best prices and terms. For specialized items like currency paper, the effectiveness depends on the number of qualified suppliers willing and able to compete. If only a few entities can produce the paper, the competitive pressure might be less intense.
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. Inc.
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: $225,960
Exercised Options: $225,960
Current Obligation: $225,960
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: 2026-04-09
Current End Date: 2026-05-26
Potential End Date: 2026-05-26 00:00:00
Last Modified: 2026-04-09
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