Bureau of Engraving and 

Printing 

FY 2018

Capital Investment Plan
Treasury guidance requires five years of investment data for most IT investments. However, 

cybersecurity and non-major IT investments are not required to provide this level of detail. In 

addition, Treasury gives discretion to Bureaus on what level of detail to provide for out-year cost 

data. Due to this, there is some variability in the presentation of out-year cost estimates in this 

document.

Investment Name: BEP Armored Vehicles

Type of Investment: Major Non-IT Investment

Description:

The Bureau of Engraving and printing owns three armored vehicles for use in transporting 

security products.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs N/A 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

O&M Costs N/A 0.00 0.01 0.01 N/A N/A N/A N/A 0.03

Total Costs N/A 0.00 0.01 0.01 N/A N/A N/A N/A 0.03

Number of 

FTE N/A 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

The Bureau of Engraving and Printing (BEP) owns three armored vehicles - two located at the 

D.C. Facility (DCF) in Washington, D.C. and one at the Western Currency Facility (WCF) in 

Fort Worth, Texas. The vehicles are used to secure and transport security products and 

equipment from its facilities to local airports in support of BEP's mission critical law 

enforcement function. The investments were purchased over 20 years ago; only operations and 

maintenance funds are required.

Return on Investment: 

Investment allows the agency to provide security and safe transport of its products.

Accomplishments and Future Objectives: 

Continue to perform routine maintenance and repairs.

Performance Evaluation and Metrics: 

Metric 

Description

Performance Measurement 

Category Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Cost per 

vehicle Financial Performance Under target Annual Numeric 3500.00
Investment Name: BEP DCF Buildings

Type of Investment: Major Non-IT Investment

Description:

The BEP occupies and uses buildings (Main and Annex) and land owned by the Department of 

the Treasury. The BEP is responsible for maintenance and repair of all buildings and land 

improvements.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs N/A 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

O&M Costs N/A 8.50 8.23 8.30 N/A N/A N/A N/A 25.03

Total Costs N/A 8.50 8.23 8.30 N/A N/A N/A N/A 25.03

Number of 

FTE N/A 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

Routine maintenance and repair of all buildings and land improvements.

Return on Investment: 

Keeping up with routine maintenance and repair allows BEP to meet the yearly currency order 

and support the ongoing retooling initiatives through balanced investment in people, processes, 

facilities and technology.

Accomplishments and Future Objectives: 

Continuance of maintenance operations.

Performance Evaluation and Metrics: 

Metric 

Description

Performance Measurement 

Category Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Cost per sq. ft. Financial Performance Under target Quarterly Numeric 12.00 6.41 05/31/2017
Investment Name: BEP WCF Building and Land

Type of Investment: Major Non-IT Investment

Description:

BEP occupies/uses buildings and land owned by the Department of the Treasury. and is 

responsible for maintenance/repairs of all buildings and land improvements. The land and 

building shell for the Western Currency Facility were donated by the City of Fort Worth, TX.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs N/A 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

O&M Costs N/A 15.16 14.16 14.73 N/A N/A N/A N/A 44.05

Total Costs N/A 15.16 14.16 14.73 N/A N/A N/A N/A 44.05

Number of 

FTE N/A 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

BEP occupies/uses buildings and land owned by the Department and is responsible for 

maintenance/repairs of all buildings and land improvements. The land and building shell for the 

WCF were donated by the City of Fort Worth, Texas to the Department, which holds the title. 

The facility houses manufacturing equipment, manufacturing and information technologies, 

equipment and human resources used to support the manufacture of United States Currency and 

other secure printing documents.

Return on Investment: 

Allow agency to meet the yearly currency order and support the ongoing retooling initiatives, to 

achieve overall excellence and customer satisfaction through balanced investment in people, 

processes, facilities and technology.

Accomplishments and Future Objectives: 

Continued performance of maintenance and repair in FY 2017. WCF Facility Expansion – FY 

2017.
Performance Evaluation and Metrics: 

Metric 

Description

Performance Measurement 

Category Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Cost per sq. ft. Financial Performance Under target Quarterly Numeric 21.25 5.55 05/31/2017
Investment Name: Consolidated Facility Improvements

Type of Investment: Major Non-IT Investment

Description:

The consolidated facility improvement projects include minor office renovations and structural 

upgrades to the Washington, D.C. and Fort Worth, TX facilities.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs 8.78 5.21 9.15 5.05 N/A N/A N/A N/A 28.18

O&M Costs 0.00 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Total Costs 8.78 5.21 9.15 5.05 N/A N/A N/A N/A 28.18

Number of 

FTE 0.00 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

Consolidated facility improvement projects include minor renovations, safety and structural 

upgrades to BEP facilities. These upgrades are necessary for immediate security and safety 

issues and the DC facility improvements cannot wait until the completion of the new facility.

Return on Investment: 

The anticipated benefit(s) of the investment: 1. Improve safety 2. Reduce environmental hazards 

3. Increase efficiencies.

Accomplishments and Future Objectives: 

FY 2016 Award design. 

FY 2017 Construction.

FY 2018 Construction.

Performance Evaluation and Metrics: 

Metric Description

Performance 

Measurement Category 

Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Funds Control - Actual 

capital expenditures versus 

planned budget

Financial Performance Under target Monthly Percentage 100.00 56.00 05/31/2017
Investment Name: DCF Production Facility Replacement

Type of Investment: Major Non-IT Investment

Description:

Construction of a new more efficient currency production facility to replace aging infrastructure 

at the BEP's current Washington, D.C. facility in order to achieve increased efficiencies and 

reduced annual operating costs.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs 0.00 0.00 0.00 64.00 5.00 5.00 794.00 203.00 107100

O&M Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Costs 0.00 0.00 0.00 64.00 5.00 5.00 794.00 203.00 1071.00

Number of 

FTE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Summary of Purpose, Goals, and Benefits: 

The current BEP currency production facility in Washington, DC (DCF) is comprised of two 

multi-level, multi-wing buildings - the Main building and Annex building. Both buildings, 

constructed in the early 1900s, are costly to maintain and are obsolete in relation to modernized 

currency printing technology. The current building layout results in increased time, cost and 

spoilage for delivery, transport and storage of raw materials and inventories of currency products 

throughout the manufacturing process. The aging infrastructure exposes the DCF to 

vulnerabilities relating to potential facility systems failures and inefficiencies - HVAC, electrical 

and plumbing; code compliance; physical and product security. The project scope includes

construction, production equipment, real estate acquisition, planning and design, furniture 

/equipment, and relocation. As the existing DCF must continue to operate in order to meet the 

yearly currency order, the project to renovate and upgrade the existing DCF facilities must begin 

in FY 2018, in order to be prepared to issue redesigned banknotes on/about 2026. BEP has 

requested statutory authority to construct a new more efficient facility with a ten-year cost of 

$1.071 billion. Without this authority, BEP would have to undertake a much more costly and 

difficult renovation with a cost of $1.780 billion over 10 years.

Return on Investment: 

This investment will provide the following benefits:

* Reduce federal footprint by an estimated 28 percent.

* Reduced annual O&M costs

* Result in lower capital investment versus in-place renovation of current facility.

* Improve the quality, productivity and cost effectiveness of the Bureau's core manufacturing 

processes.

* Support the timely manufacture of U.S. Currency in a dependable and predictable manner.
* Increase security, safety and storage capacity.

* Allow for increased flexibility with technology changes with new security feature designs.

Accomplishments and Future Objectives: 

Project milestones/timeline will be defined once the land is acquired.

Performance Evaluation and Metrics: 

Once the legislative proposal to build a new facility in the National Capital Region has been 

approved, BEP will develop performance metrics for this investment.
Investment Name: Integration & Enhancements

Type of Investment: Major IT Investment

Description:

Upgrades to BEP's IT infrastructure and installation of new or upgraded software to support 

BEP's core manufacturing and support business processes with an integrated database.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs 0.00 10.19 10.78 8.78 8.55 8.53 N/A N/A 46.84

O&M Costs 0.00 6.93 8.42 8.18 8.40 8.68 N/A N/A 40.60

Total Costs 0.00 17.12 19.20 16.96 16.95 17.22 N/A N/A 87.44

Number of 

FTE 0.00 0.00 0.00 0.00 0.00 0.00 N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

BEP has been implementing the BEP Enterprise Network (BEN) initiative. BEN is a 

comprehensive, technology-centric program focused on systems modernization and business 

transformations. BEN will improve overall management and automation of BEP's Currency 

Production and Direct Support processes. This initiative involves upgrading BEP's IT 

infrastructure and installing new or upgraded software functionality to support the Bureau's core 

manufacturing and support business processes with an integrated database. BEN is built on a 

Commercial Off-The-Shelf solution that utilizes Oracle's Enterprise Resource Planning (ERP) 

and contains several customized ERP modules.

Return on Investment: 

This investment initiative enhances the functionality of the five customized application solutions 

that reduce production costs and improve process efficiencies at BEP. These further 

enhancements benefit the Bureau by enabling near real-time data collection, visibility, and 

notifications for currency production presses/equipment and related systems. They will also 

provide additional BEP specific manufacturing and accountability functionality to reduce quality 

defects, reduce manual processes, increase efficiency, and provide an enterprise view of data and 

information for improved decision making. A dollar value cannot be put on these benefits but 

their value to the Bureau's quality program and reputation is immeasurable.

Accomplishments and Future Objectives: 

The previous investments (Manufacturing Support System, Data Management Module, and 

Manufacturing Execution Console) that this new investment replaces integrated multiple data 

source systems to improve data consistency, transparency and accountability, leading to decision 

making based on more accurate information. These integrated systems have improved workload 

planning and coordination across the Bureau by providing Senior Executives, Chiefs and 

Managers with near real time data. This has improved efficiency by reducing the amount of time 
spent searching for data to support job functions. 

Future objectives are increasing the source data that is extracted from manufacturing equipment 

and improve the functionality of the applications through further enhancements.

Performance Evaluation and Metrics: 

Metric Description

Performance 

Measurement 

Category Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of 

Latest 

Actual 

Result

Percentage of BEP Enterprise 

(BEN) Integrations and 

Enhancements delivered on time

Customer Satisfaction 

(Results) Over target Monthly Percentage 100.00
Investment Name: Manufacturing Support Equipment

Type of Investment: Major Non-IT Investment

Description:

To purchase equipment to support the manufacturing of U.S. currency.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs 15.05 21.80 15.25 19.80 N/A N/A N/A N/A 71.90

O&M Costs 0.00 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Total Costs 15.05 21.80 15.25 19.80 N/A N/A N/A N/A 71.90

Number of 

FTE 0.00 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

The project is a multi-year project that replaces older, fully depreciated manufacturing support 

equipment at both BEP's facilities. Replacing out of date equipment on a regular basis allows 

BEP to be more cost effective and efficient in meeting customer requirements for the production 

of currency notes. New manufacturing support equipment is typically more energy efficient, ecofriendly and reduces machine down time. In addition, new support equipment acquired by BEP 

has the technical capability of producing the next generation of advanced counterfeit deterrence 

features for future design enhancements. 

The performance of this investment will be evaluated through the following two measures: 

1. Comparison of productivity of new equipment with existing equipment.

2. Comparison of spoilage rates of new equipment with rates of existing equipment.

Return on Investment: 

The anticipated benefit(s) of the investment:

1. Produce notes at a lower cost with higher quality

2. Enhance counterfeit deterrence 

3. Improve productivity.

Accomplishments and Future Objectives: 

FY 2015: Award contract for manufacturing support equipment.

FY 2016: Award contract for and acquisition of manufacturing support equipment.

FY 2017: Award contract for Banknote Testing Design Press Lines, Natick Production 

Replacement Equipment; CTO Lab Equipment Replacement

FY 2018: Award Barcoding RFID implementation; Banknote Test; WCF Plating Line; Notascreen Press.
Performance Evaluation and Metrics: 

Metric Description

Performance 

Measurement Category 

Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Fund Control - actual 

capital expenditures versus 

planned budget.

Financial Performance Under target Monthly Percentage 105.00 23.00 05/31/2017
Investment Name: Retooling

Type of Investment: Major Non-IT Investment

Description:

Retooling is a multi-year project that replaces older, fully depreciated production equipment at 

both BEP's facilities. Replacing out of date equipment on a regular basis allows BEP to more 

cost effective and efficient.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs 15.72 18.60 87.62 58.67 N/A N/A N/A N/A 180.61

O&M Costs 0.36 0.00 0.00 0.00 N/A N/A N/A N/A 0.36

Total Costs 16.08 18.60 87.62 58.67 N/A N/A N/A N/A 180.97

Number of 

FTE 0.00 0.00 0.00 0.00 N/A N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

Retooling is a multi-year project that replaces older, fully-depreciated production equipment at 

both BEP's facilities. Replacing out of date equipment on a regular basis allows BEP to more 

cost effective and efficient in meeting customer requirements for the production of currency 

notes. New equipment is typically more energy efficient, eco-friendly, and machine down-time is 

reduced. In addition, new equipment acquired by BEP has the technical capability of producing 

the next generation of advanced counterfeit deterrence features for future design enhancements. 

The performance of this investment will be evaluated through the following two measures: 

1. Comparison of productivity of new equipment with existing equipment.

2. Comparison of spoilage rates of new equipment with rates of existing equipment.

Return on Investment: 

The anticipated benefit(s) of the investment:

1. Produce notes at a lower cost with higher quality

2. Enhance counterfeit deterrence 

3. Improve productivity

4. Accomplish the accelerated redesign of $5, $10 and $20 notes.

Accomplishments and Future Objectives: 

FY 2017: Awards are planned in FY 2017 for the following equipment: Intaglio Presses, Large 

Examining and Printing Equipment (LEPE), Online Inspection equipment, cutting and packaging 

systems, a plating line and Plasterota system, a Cash Pak machine, QED Phase1, and currency 

sheet accountability equipment.

FY 2018: Awards are planned in FY 2018 for the following equipment: LEPE, $100 Product 

Line, Hot Foil Lamination machines, OCIS Inspection upgrade, and QED-2 development.
Performance Evaluation and Metrics: 

Metric Description

Performance 

Measurement Category 

Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Funds Control - Actual 

capital expenditures versus 

planned budget

Financial Performance Under target Monthly Percentage 105.00 70.00 05/31/2017
Investment Name: WCF Facility Expansion

Type of Investment: Major Non-IT Investment

Description:

A proposed expansion to the Western Currency Facility (WCF) in Fort Worth, TX, adding about 

250,000 sq. ft. of new space, to support additional production capabilities required for the 

accelerated currency redesign of the $5, $10 and $20 notes.

Investment Anticipated Outlay: ($000,000s): 

Type 2015 and 

Prior 

Actual

2016 

Actual

2017 

Estimated

2018 

Estimated

2019 

Estimated

2020 

Estimated

2021 

Estimated

2022 and 

Beyond 

Estimated

Total

DME Costs 0.00 0.00 7.50 48.00 58.00 N/A N/A N/A 113.50

O&M Costs 0.00 0.00 0.00 0.00 0.00 N/A N/A N/A 0.00

Total Costs 0.00 0.00 7.50 48.00 58.00 N/A N/A N/A 113.50

Number of 

FTE 0.00 0.00 0.00 0.00 0.00 N/A N/A N/A 0.00

Summary of Purpose, Goals, and Benefits: 

This project is a proposed expansion to the Western Currency Facility (WCF) in Fort Worth, TX. 

The expansion will add approximately 250,000 square feet to the existing facility which will 

accommodate additional production capabilities to support the next family of currency including 

space for up to five Hot Foil presses, two LEPEs, tactile feature equipment, undefined future 

production machineries, reclamation efforts, new plating line, additional vault/work-in process 

(WIP) space, enclosed truck cells, production support, and central utility plant upgrade. The 

expansion will include structural enhancements to provide better protection against severe 

weather and possible security threats. The scope includes the security-related requirements and 

construction of an additional parking area to accommodate increased staffing necessary for the 

new equipment.

Return on Investment: 

This investment will provide the following benefits:

* Provide high quality, secure currency required by the Federal Reserve Board and the United 

Sates Secret Service in a timely and cost-effective manner.

* Improve the performance of U.S. Currency notes to function flawlessly in commerce.

* Improve the quality, productivity and cost effectiveness of the Bureau's core manufacturing 

processes.

* Support the timely manufacture of U.S. Currency in a dependable and predictable manner.

* Increase WIP storage space.

* Allow for an efficient phased approach to the replacement of aging equipment and introduction 

of new processes.
Accomplishments and Future Objectives: 

FY 2017 - Entered into interagency agreement with U. S. Army Corp of Engineers for AE design

FY 2018 - Construction

FY 2019 - Construction

Performance Evaluation and Metrics: 

Metric Description

Performance 

Measurement Category 

Mapping

Measurement 

Condition

Reporting 

Frequency

Unit Of 

Measure

CY 

Target

Latest 

Actual 

Result

Date of Latest 

Actual Result

Fund Control - actual capital 

expenditures versus planned 

budget.

Customer Satisfaction 

(Results) Under target Monthly Percentage 100.00 2.00 05/31/2017