Silver raw material
Ended Awarded
- Contract number
- 2031JG22F55025
- Awardee
-
The Toronto-Dominion Bank UEI TXEQENSNT3N3
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $11,481,184
Award facts
- Contract value 100% obligated
- $11,481,184.02 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 331410 Nonferrous Metal (except Aluminum) Smelting and Refining
- PSC
- 9660 Precious Metals Primary Forms
- 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.
About this award
This federal contract award was issued by the United States Mint, a component of the Department of the Treasury, to The Toronto-Dominion Bank (TD Bank) as the prime contractor. The contract is for the delivery of silver raw material, or silver bullion, to support the Mint's coin manufacturing operations. The award, valued at $11,481,184.02, is a firm fixed price Delivery Order contract with an ultimate completion date of September 20, 2022.
The contract is not associated with a set-aside designation, indicating TD Bank's competitive positioning in the precious metals market. TD Bank has established itself as a critical supplier of precious metals to the U.S. government, holding two significant Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicles with the United States Mint for silver, platinum, and palladium raw materials. These IDIQ contracts, valued at $10 billion and $650 million respectively, provide the Mint with flexibility in procuring precious metal feedstock to meet fluctuating production demands and market conditions, supporting the agency's mission of manufacturing circulating coins, commemorative issues, and bullion products.
Quick answers
Who was awarded contract 2031JG22F55025?
2031JG22F55025 was awarded to The Toronto-Dominion Bank by United States Mint (Department of the Treasury) on September 13, 2022.
How much is contract 2031JG22F55025 worth?
The government has obligated $11,481,184 on 2031JG22F55025.
Is contract 2031JG22F55025 an order under another contract?
Yes. 2031JG22F55025 is a delivery order under 2031JG21D00022, an indefinite delivery contract.
Was contract 2031JG22F55025 competed?
The extent of competition for 2031JG22F55025 was full and open competition.
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