Raw gold bullion
Ended Awarded
- Contract number
- 2031JG20F51022
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,168,682
Award facts
- Contract value 100% obligated
- $5,168,682.27 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 is for the delivery of raw gold bullion to the United States Mint, a civilian agency of the U.S. government. The contract was awarded to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, that specializes in global commodity trading and risk management with a focus on precious metals.
The contract is a delivery order with a firm fixed price and a ceiling value of $5,168,682.27. It was awarded on August 11, 2020, and has an ultimate completion date of August 17, 2020. Stonex Financial LTD has been awarded numerous similar delivery order contracts with the United States Mint, ranging from $1 million to $22 million per order, for the supply of raw precious metals including gold, silver, and palladium. The company also holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion, which allows the Mint to consistently source critical raw materials from this proven international supplier.
Quick answers
Who was awarded contract 2031JG20F51022?
2031JG20F51022 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 11, 2020.
How much is contract 2031JG20F51022 worth?
The government has obligated $5,168,682 on 2031JG20F51022.
Is contract 2031JG20F51022 an order under another contract?
Yes. 2031JG20F51022 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG20F51022 competed?
The extent of competition for 2031JG20F51022 was full and open competition.
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