Raw gold bullion
Ended Awarded
- Contract number
- 2031JG20F51025
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,356,706
Award facts
- Contract value 100% obligated
- $5,356,705.61 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 firm fixed price delivery order with a ceiling value of $5,356,705.61 and an ultimate completion date of August 20, 2020. Stonex Financial LTD has been awarded numerous similar delivery order contracts with the United States Mint, ranging from $1 million to $22 million, to supply precious metals such as gold, silver, and palladium. These contracts are typically awarded under the Mint's indefinite delivery vehicle (IDV) contracts, which allow the agency to maintain a steady and reliable supply of critical raw materials from an international source to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG20F51025?
2031JG20F51025 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 11, 2020.
How much is contract 2031JG20F51025 worth?
The government has obligated $5,356,706 on 2031JG20F51025.
Is contract 2031JG20F51025 an order under another contract?
Yes. 2031JG20F51025 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG20F51025 competed?
The extent of competition for 2031JG20F51025 was full and open competition.
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