2031ZA24P00633 - BANKNOTE INDUSTRY NEWS 24 MONTH SUBSCRIPTION
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Printed/Published Media was awarded in FY2024 on Aug 8, 2024 to BANKNOTE INDUSTRY NEWS GMBH by Office of the Chief Procurement Officer. There have been $5.5k in obligations to date with a ceiling value of $5.5k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 2 year duration with ultimate completion date of Aug 14, 2026.
BANKNOTE INDUSTRY NEWS GMBH is a contractor doing primarily Printed/Published Media work for Treasury. Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
Purchase orders offer the Federal Government an avenue to streamline smaller purchases. Compared to the typical procurement process, where a requirement moves through several milestones before award, purchase orders allow for a quick turnaround to fulfill commodity and service needs. The total value of a transaction is the primary prerequisite for the use of purchase orders. In more familiar terms, purchase orders resemble a trip to a local retail store to buy a few items.
- Contract Number
- 2031ZA24P00633
- Contractor
- BANKNOTE INDUSTRY NEWS GMBH
- Obligations to Date
- $5.5k
- Ceiling Value
- $5.5k
- Award Date
- 08/08/2024
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Treasury»Bureau of Engraving and Printing»BEP Chief Financial Officer»Office of the Chief Procurement Officer
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