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Currency Paper Procurement: Additional Analysis Would Help Determine Whether a Second Supplier Is Needed
GAO-05-368: Published: Apr 29, 2005. Publicly Released: Apr 29, 2005.
For over 125 years, the Bureau of Engraving and Printing (BEP), within the Department of the Treasury, has relied on a single contractor to supply the paper for U.S. currency. Such a long-term contracting relationship could contribute to higher costs and other risks. Another federal agency that relied on a single contractor, the U.S. Mint, decided to obtain a second supplier for coin metal. In sol...