Palladium & platinum leasing fees

Ended Awarded Last action

Contract number
2031JG19F65001
Awardee
Awarding agency
Obligated
$15,055,485

Award facts

Contract value 100% obligated
$15,055,485.39 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Contracting staff
Set-aside
No set-aside
Competition
Full and Open Competition Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
2323 Riverside Dr., Ottawa, ON K1H 1A1, Canada

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00022 -$3,781,027
Funding Only Action P00021 $40,000
Other Administrative Action P00020 $0
Funding Only Action P00019 $0
Funding Only Action P00018 $2,196,513
Funding Only Action P00017 $1,500,000
Other Administrative Action P00016 · Platinum leasing fees $2,500,000
Other Administrative Action P00015 $0
Funding Only Action P00014 $2,500,000
Funding Only Action P00013 $1,500,000
Other Administrative Action P00012 $200,000
Other Administrative Action P00011 $0
Funding Only Action P00010 $1,500,000
Other Administrative Action P00009 $1,000,000
Funding Only Action P00008 $1,000,000
Funding Only Action P00007 $50,000
Other Administrative Action P00006 $1,500,000
Other Administrative Action P00005 $500,000
Other Administrative Action P00004 $0
Funding Only Action P00003 $400,000
Other Administrative Action P00002 $0
Other Administrative Action P00001 $500,000
Original award $1,950,000
Show all 23

About this award

Written by GovTribe AI ·

This federal contract award is for the provision of palladium and platinum leasing fees to the United States Mint, a civilian agency within the Department of the Treasury. The prime contractor is The Toronto-Dominion Bank (TD Bank), a Canadian multinational banking and financial services corporation.

The contract has a ceiling value of $15,055,485.39 and an ultimate completion date of September 30, 2024. It is a firm fixed price delivery order contract type, with no set-aside designation. TD Bank has been awarded this contract to supply the raw precious metal materials, including palladium and platinum, needed to support the Mint's coin production activities.

In addition to this contract, TD Bank holds two significant Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicles with the United States Mint. The first is a $10 billion IDIQ for the provision of silver raw material, and the second is a $650 million IDIQ for the leasing of platinum and palladium. These IDIQ contracts provide the Mint with flexible procurement options to meet its fluctuating production demands and market conditions for precious metal feedstock.

Quick answers

Who was awarded contract 2031JG19F65001?

2031JG19F65001 was awarded to The Toronto-Dominion Bank by United States Mint (Department of the Treasury) on May 16, 2019.

How much is contract 2031JG19F65001 worth?

The government has obligated $15,055,485 on 2031JG19F65001.

Is contract 2031JG19F65001 an order under another contract?

Yes. 2031JG19F65001 is a delivery order under 2031JG19D00020, an indefinite delivery contract.

Was contract 2031JG19F65001 competed?

The extent of competition for 2031JG19F65001 was full and open competition.

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