Leasing of platinum & palladium raw material
Ended Indefinite Delivery Contract Awarded Last action
- Contract number
- 2031JG19D00020
- Awardee
-
The Toronto-Dominion Bank UEI TXEQENSNT3N3
- Awarding agency
-
United States Mint
Department of the Treasury
- Task orders
- 75 $438,337,579 obligated
Award facts
- Opportunity
-
- 2031JG18R00048 Solicitation number
- Combined order value
- $438,337,579 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 67% used
- $650,000,000.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- 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 · 3 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
Award details come from SAM.gov/FPDS.
About this IDV
The United States Mint, an agency of the Department of the Treasury, awarded a single-award indefinite delivery/indefinite quantity contract valued at $650 million to The Toronto-Dominion Bank. The contract provides for the leasing of platinum and palladium raw materials to the Mint's Ottawa, Canada facility. Associated delivery orders under the Platinum and Palladium Lease major program code allow the Mint to obtain necessary feedstock of refined and unrefined platinum and palladium commodities from the prime contractor's place of performance in Ottawa. Delivery orders ranging from one day to multi-week periods of performance have been placed, with values between $50,000 to over $36 million. Performance takes place at the contractor's Ottawa location, with no set-aside designations applied to the competitively awarded contract and orders.
The contract and subsequent delivery orders facilitate the Mint's production of circulating coins, commemorative issues, and bullion products through strategic leasing arrangements for the platinum and palladium needed. Rather than purchasing metal reserves outright, the Mint utilizes the Platinum and Palladium Lease program to reliably source the necessary precious metal commodities from the prime contractor on an as-needed basis to support its coin manufacturing responsibilities.
Task orders
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Latest 50 of 75 listed here. See the rest on GovTribe.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 2031JG19D00020?
2031JG19D00020 was awarded to The Toronto-Dominion Bank by United States Mint (Department of the Treasury) on May 15, 2019.
How much is contract 2031JG19D00020 worth?
Orders under 2031JG19D00020 have obligated $438,337,579. 2031JG19D00020's own ceiling is $650,000,000.
How many orders have been placed under contract 2031JG19D00020?
75 orders have been placed under 2031JG19D00020, the latest on August 20, 2024.
Who can order from contract 2031JG19D00020?
2031JG19D00020 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 2031JG19D00020 competed?
The extent of competition for 2031JG19D00020 was full and open competition. The government received 3 offers.
On GovTribe
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