Platinum leasing
Ended Awarded Last action
- Contract number
- 0038
- Awardee
-
The Toronto-Dominion Bank UEI TXEQENSNT3N3
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $425,000
Award facts
- Contract value 100% obligated
- $425,000.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 332999 All Other Miscellaneous Fabricated Metal Product Manufacturing
- PSC
- 9660 Precious Metals Primary Forms
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 8 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Canada
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Funding Only Action | $25,000 | |
| Funding Only Action | $100,000 | |
| Funding Only Action | $25,000 | |
| Funding Only Action | $100,000 | |
| Change Order | $75,000 | |
| Original award | $100,000 |
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), a major Canadian multinational banking and financial services corporation. The contract, valued at $425,000.00, is a firm fixed price delivery order for the supply of precious metals, including gold, silver, platinum, and palladium, to support the Mint's coin production activities.
The contract is not set aside and is part of two significant Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicles held by TD Bank with the United States Mint. The first is a $10 billion single-award 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 provide the Mint with the flexibility to issue task orders efficiently to meet fluctuating production demands and market conditions, enabling the agency to fulfill its mission of manufacturing circulating coins, commemorative issues, and bullion products.
Quick answers
Who was awarded contract 0038?
0038 was awarded to The Toronto-Dominion Bank by United States Mint (Department of the Treasury) on October 1, 2015.
How much is contract 0038 worth?
The government has obligated $425,000 on 0038.
Is contract 0038 an order under another contract?
Yes. 0038 is a delivery order under TMHQ13C0069, an indefinite delivery contract.
Was contract 0038 competed?
The extent of competition for 0038 was full and open competition. The government received 8 offers.
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