Notice Of Award Of Procurement Authorization – Bi-Metal Token Supply From Osborne Coinage Company
Meeting Date: June 18, 2008
Subject: Notice Of Award Of Procurement Authorization - Bi-Metal Token Supply From Osborne Coinage Company
It is recommended that the Commission receive the notice of award of the Chair, Vice-Chair and the Chief General Manager to issue a contract to Osborne Coinage Company in the total upset limit of $2,000,000 USD including taxes, for the supply of 20,000,000 bi-metal tokens to replace the adult ticket. This purchase is a single source contract as the vendor is the only mint authorized to manufacture the proprietary bi-metal token.
The purchase of 20 million bi-metal tokens will result in an unbudgeted capital expenditure of approximately $2,000,000 in 2008.
Additional bi-metal tokens are required to replace adult tickets that are being eliminated due to a significant counterfeit problem. This purchase is a single source from the current supplier as they are the only known approved source for this proprietary-based technology. The bi-metal token would eliminate the current counterfeit problem with the existing adult ticket as it is significantly more difficult to counterfeit.
June 18, 2008
There are no major disruptions at this time.