Treasury's Mint Awards $6.1M PVD Coating System Contract to Teer Coatings Limited
Contract Overview
Contract Amount: $6,069,290 ($6.1M)
Contractor: Teer Coatings Limited
Awarding Agency: Department of the Treasury
Start Date: 2020-09-28
End Date: 2026-09-30
Contract Duration: 2,193 days
Daily Burn Rate: $2.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 4
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PVD COATING SYSTEM REPLACEMENT
Place of Performance
Location: DANVILLE, CONTRA COSTA County, CALIFORNIA, 94526
Plain-Language Summary
Department of the Treasury obligated $6.1 million to TEER COATINGS LIMITED for work described as: PVD COATING SYSTEM REPLACEMENT Key points: 1. Contract value of $6.1M for PVD Coating System Replacement. 2. Competition was full and open, suggesting potential for competitive pricing. 3. Risk appears moderate given the firm-fixed-price structure and defined scope. 4. Sector is Metal Coating, Engraving, and Allied Services.
Value Assessment
Rating: good
The contract value of $6.1M for a PVD coating system replacement appears reasonable given the specialized nature of the equipment and services. Benchmarking against similar large-scale industrial coating system procurements would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes price discovery and can lead to more competitive pricing for the government.
Taxpayer Impact: The use of full and open competition is a positive indicator for taxpayer value, as it aims to secure the best possible price and quality through market forces.
Public Impact
Ensures continued operation of critical coating processes at the U.S. Mint. Supports the production of coins and other metallic items requiring specialized coatings. Potential for technological upgrades and improved efficiency in coating applications.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for vendor lock-in if Teer Coatings is the sole provider of necessary maintenance or consumables.
- Dependency on a single vendor for a critical system replacement.
Positive Signals
- Awarded under full and open competition.
- Firm-fixed-price contract structure limits cost overrun risk.
- Long-term contract duration (2193 days) provides stability.
Sector Analysis
This contract falls within the Metal Coating, Engraving, and Allied Services sector. Spending in this area is typically driven by manufacturing needs for specialized finishes and protective layers on various products.
Small Business Impact
The data indicates that small business participation was not a stated factor in this award, and the prime contractor, Teer Coatings Limited, is likely not a small business. Further analysis would be needed to determine if subcontracting opportunities exist for small businesses.
Oversight & Accountability
The contract is managed by the Department of the Treasury, specifically the United States Mint. Oversight would involve monitoring performance against contract requirements, delivery schedules, and adherence to the firm-fixed-price terms.
Related Government Programs
- Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
- Department of the Treasury Contracting
- United States Mint Programs
Risk Flags
- Potential for sole-source reliance on vendor for future maintenance/parts.
- Long contract duration could lead to technology obsolescence if not managed proactively.
- Lack of explicit small business subcontracting goals.
- Dependence on a single supplier for a critical manufacturing system.
Tags
metal-coating-engraving-except-jewelry-a, department-of-the-treasury, ca, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $6.1 million to TEER COATINGS LIMITED. PVD COATING SYSTEM REPLACEMENT
Who is the contractor on this award?
The obligated recipient is TEER COATINGS LIMITED.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (United States Mint).
What is the total obligated amount?
The obligated amount is $6.1 million.
What is the period of performance?
Start: 2020-09-28. End: 2026-09-30.
What is the specific technological advancement or capability this new PVD coating system offers compared to the previous one?
The provided data does not detail the specific technological advancements of the new PVD coating system. Further investigation into the contract's statement of work or technical specifications would be required to understand the improvements in coating quality, efficiency, or new capabilities it brings to the United States Mint's operations.
What are the key performance indicators (KPIs) used to measure the success of this contract and the performance of Teer Coatings Limited?
Key performance indicators are not explicitly detailed in the provided summary. Typically, for such contracts, KPIs would focus on system uptime, coating quality (adherence, thickness, uniformity), defect rates, delivery timelines for coated products, and adherence to safety and environmental standards.
Are there any provisions for technology transfer or knowledge sharing to the U.S. Mint personnel during the contract period?
The contract data does not specify provisions for technology transfer or knowledge sharing. While the firm-fixed-price nature might limit extensive training, a comprehensive contract would likely include some level of operational support or training for Mint personnel to effectively utilize and maintain the new system.
Industry Classification
NAICS: Manufacturing › Coating, Engraving, Heat Treating, and Allied Activities › Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
Product/Service Code: METALWORKING MACHINERY
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 4
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Magsputter Limited
Address: WEST STONE HOUSE, DROITWICH
Business Categories: Category Business, Foreign Owned, International Organization, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $9,641,590
Exercised Options: $6,069,290
Current Obligation: $6,069,290
Actual Outlays: $5,928,415
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2020-09-28
Current End Date: 2026-09-30
Potential End Date: 2026-09-30 00:00:00
Last Modified: 2026-03-13
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