Silver raw material
Ended Awarded
- Contract number
- 2031JG25F55045
- Awardee
-
The Toronto-Dominion Bank UEI TXEQENSNT3N3
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,483,946
Award facts
- Contract value 100% obligated
- $5,483,945.97 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 is for the delivery of silver raw material and silver bullion to the United States Mint, a component of the Department of the Treasury. The contract was awarded to The Toronto-Dominion Bank (TD Bank), a major Canadian financial institution, under a Firm Fixed Price Delivery Order contract with a ceiling value of $5,483,945.97. The contract has an ultimate completion date of October 16, 2024.
TD Bank has established a significant presence as a supplier of precious metals to the United States Mint, including through two Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicles worth $10 billion for silver raw material and $650 million for the leasing of platinum and palladium raw materials. These IDIQ contracts enable the Mint to efficiently procure precious metal feedstock to support its mission of manufacturing circulating coins, commemorative issues, and bullion products. The current contract award does not have a set-aside designation, indicating TD Bank's competitive positioning in the precious metals market.
Quick answers
Who was awarded contract 2031JG25F55045?
2031JG25F55045 was awarded to The Toronto-Dominion Bank by United States Mint (Department of the Treasury) on October 10, 2024.
How much is contract 2031JG25F55045 worth?
The government has obligated $5,483,946 on 2031JG25F55045.
Is contract 2031JG25F55045 an order under another contract?
Yes. 2031JG25F55045 is a delivery order under 2031JG21D00022, an indefinite delivery contract.
Was contract 2031JG25F55045 competed?
The extent of competition for 2031JG25F55045 was full and open competition.
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