2031ZA22D00002 - CURRENCY PALLETS AND CAPS
Federal Contract Award Search » IDC Award
This IDC contract for Consumer Products > Sustainment S&E was awarded in FY2022 on December 02, 2021 to SECURITY PAKS INTERNATIONAL, LLC by BEP Manufacturing (Western Currency Facility). There have been $4.4M in obligations to date with a ceiling value of $17.6M, showing a 25% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of November 28, 2026.
SECURITY PAKS INTERNATIONAL, LLC is a contractor located in IN, doing primarily Consumer Products > Sustainment S&E work for Treasury. Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
- Contract Number
- 2031ZA22D00002
- Contractor
- SECURITY PAKS INTERNATIONAL, LLC
- Obligations to Date
- $4.4M
- Ceiling Value
- $17.6M
- Award Date
- 12/02/2021
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Treasury » Bureau of Engraving and Printing » BEP Manufacturing (Western Currency Facility)
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 2031ZA22F00085 | SECURITY PAKS INTERNATIONAL, LLC | $3.1M | 12/02/2021 |
| 2031ZA23F00110 | SECURITY PAKS INTERNATIONAL, LLC | $575.9k | 12/06/2022 |
| 2031ZA23F00468 | SECURITY PAKS INTERNATIONAL, LLC | $260k | 07/11/2023 |
| 2031ZA24F00068 | SECURITY PAKS INTERNATIONAL, LLC | $450.2k | 11/17/2023 |
