T2634 - Scrap Metal Collection and Recycling/Disposal - Statewide

The State of New Jersey, Department of the Treasury, Division of Purchase and Property, awarded contract 26-GNSV1-145997 to The Yaros Company, Inc., a scrap metal collection, recycling, and disposal services provider headquartered in Trenton, New Jersey. The contract, effective October 1, 2026, through September 30, 2029, establishes statewide scrap metal collection and recycling services across three geographic regions: Northern, Central, and Southern. Services encompass the collection, recycling, and disposal of seven categories of scrap metal commodities, including steel scrap (Heavy Melt Scrap 1&2), aluminum mixed clips, copper number 2 heavy copper and wire, stainless steel 304 solids and clips, lead batteries (undrained whole old batteries), brass yellow brass solids, and heavy soft lead. The contractor will service 75 identified agency locations across 21 counties, including facilities operated by the New Jersey Treasury, New Jersey State Police, and New Jersey Department of Transportation.

The contract operates under a rebate model whereby The Yaros Company, Inc. remits monthly payments to the State based on the weight and commodity pricing of collected materials, with rebate percentages applied according to commodity rates established by the American Metal Market Scrap Index. The contractor must submit monthly statements itemized by agency, commodity type, and net weight, with payments due to the Treasurer of the State of New Jersey within ten business days of month-end. Additionally, the contractor is obligated to pay a one percent Procurement Efficiency Program Fee on all purchases and submit quarterly sales reports to Periscope within 30 days of each calendar quarter. Performance security of $100,000 is required under the contract terms. The contract value is not disclosed in the award documentation provided.