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 <subject>Competitive advantage</subject>
 <subject>Competitive procurement</subject>
 <subject>Cost analysis</subject>
 <subject>Currency and coinage</subject>
 <subject>Federal procurement</subject>
 <subject>Manufacturing contracts</subject>
 <subject>Prices and pricing</subject>
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 <title>Currency Paper Procurement: Additional Analysis Would Help Determine Whether a Second Supplier Is Needed</title>
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<abstract>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 solicitations for currency paper	 
contracts in 1999 and 2003, BEP took steps to address barriers to
competition that GAO had identified in 1998 through a survey of  
paper manufacturers. This report updates GAO&apos;s 1998 report using 
data from a second survey. It addresses (1) the changes BEP made 
to encourage competition and the results of its efforts, (2) the 
steps BEP took to ensure that it paid fair and reasonable prices,
and (3) the analysis BEP has done of the advantages and 	 
disadvantages of obtaining a second supplier.</abstract>
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 <topic>Competitive procurement</topic>
 <topic>Cost analysis</topic>
 <topic>Currency and coinage</topic>
 <topic>Federal procurement</topic>
 <topic>Manufacturing contracts</topic>
 <topic>Prices and pricing</topic>
 <topic>Surveys</topic>
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