Raw gold bullion
Ended Awarded
- Contract number
- 2031JG20F51014
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,794,276
Award facts
- Contract value 100% obligated
- $4,794,275.68 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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
- Great Britain, United Kingdom
Award details come from SAM.gov/FPDS.
About this award
This federal contract award, valued at $4,794,275.68, was issued by the United States Mint to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of raw gold bullion to support the Mint's coin and medal production operations.
This contract is part of a larger indefinite delivery vehicle (IDV) contract that Stonex Financial LTD holds with the United States Mint, which has a $10 billion ceiling value and extends through December 2040. The IDV allows the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to maintain a steady and reliable supply of precious metals from an international source.
The contract does not have a set-aside designation, and there are no subcontractors mentioned. This contract represents a strategic procurement approach by the United States Mint to ensure a consistent supply of critical raw materials, such as gold, to support its ongoing production of circulating coins, commemorative coins, bullion coins, and national medals.
Quick answers
Who was awarded contract 2031JG20F51014?
2031JG20F51014 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 27, 2020.
How much is contract 2031JG20F51014 worth?
The government has obligated $4,794,276 on 2031JG20F51014.
Is contract 2031JG20F51014 an order under another contract?
Yes. 2031JG20F51014 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG20F51014 competed?
The extent of competition for 2031JG20F51014 was full and open competition.
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