Raw gold bullion
Ended Awarded
- Contract number
- 2031JG21F51319
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,261,139
Award facts
- Contract value 100% obligated
- $4,261,139.03 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- 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 $4,261,139.03, 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 of precious metals.
The contract is a delivery order under a larger indefinite delivery vehicle (IDV) contract between Stonex Financial LTD and the United States Mint, which has a ceiling value of up to $10 billion for the supply of silver raw materials through December 2040. The Mint also has an additional IDV contract with Stonex Financial LTD for the supply of raw gold bullion, though the ceiling value for that contract is not explicitly stated. These IDV contracts allow the Mint to maintain a steady and reliable supply of precious metals from an international source to support its ongoing coin and medal production operations. The current $4.26 million delivery order contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG21F51319?
2031JG21F51319 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 10, 2021.
How much is contract 2031JG21F51319 worth?
The government has obligated $4,261,139 on 2031JG21F51319.
Is contract 2031JG21F51319 an order under another contract?
Yes. 2031JG21F51319 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG21F51319 competed?
The extent of competition for 2031JG21F51319 was full and open competition.
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