Silver raw material
Ended Awarded
- Contract number
- 2031JG23F55034
- Awardee
-
The Toronto-Dominion Bank UEI TXEQENSNT3N3
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $13,470,242
Award facts
- Contract value 100% obligated
- $13,470,241.57 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, valued at $13,470,241.57, was issued by the United States Mint to The Toronto-Dominion Bank (TD Bank) for the delivery of silver raw material. The contract is a firm fixed price delivery order with an ultimate completion date of June 30, 2023.
The award is associated with two larger Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicles held by TD Bank with the United States Mint. The first is a $10 billion IDIQ for silver raw material, and the second is a $650 million IDIQ for the leasing of platinum and palladium raw materials. These IDIQ contracts enable the Mint to efficiently procure precious metal feedstock to support its coin manufacturing operations, including the production of circulating coins, commemorative issues, and bullion products.
The contract does not have a set-aside designation, indicating TD Bank's competitive positioning in the precious metals market. As a major Canadian multinational banking and financial services corporation, TD Bank has established itself as a critical supplier of precious metals to the U.S. government, particularly the United States Mint.
Quick answers
Who was awarded contract 2031JG23F55034?
2031JG23F55034 was awarded to The Toronto-Dominion Bank by United States Mint (Department of the Treasury) on June 26, 2023.
How much is contract 2031JG23F55034 worth?
The government has obligated $13,470,242 on 2031JG23F55034.
Is contract 2031JG23F55034 an order under another contract?
Yes. 2031JG23F55034 is a delivery order under 2031JG21D00022, an indefinite delivery contract.
Was contract 2031JG23F55034 competed?
The extent of competition for 2031JG23F55034 was full and open competition.
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