Raw gold bullion
Ended Awarded
- Contract number
- 2031JG21F51113
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,994,181
Award facts
- Contract value 100% obligated
- $4,994,181.39 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 under the Department of the Treasury. The contract, valued at $4,994,181.39, 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.
The contract is a firm fixed price delivery order with a completion date of January 18, 2021. Stonex Financial LTD has been awarded numerous similar contracts by the United States Mint, ranging from $1 million to $22 million per order, for the supply of precious metals including gold, silver, and palladium. These contracts are issued under two indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion. The IDVs allow the United States Mint to consistently source critical raw materials from a proven international supplier to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG21F51113?
2031JG21F51113 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on January 12, 2021.
How much is contract 2031JG21F51113 worth?
The government has obligated $4,994,181 on 2031JG21F51113.
Is contract 2031JG21F51113 an order under another contract?
Yes. 2031JG21F51113 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG21F51113 competed?
The extent of competition for 2031JG21F51113 was full and open competition.
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