Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51536
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,463,312
Award facts
- Contract value 100% obligated
- $3,463,312.16 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. 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, particularly in precious metals.
The contract has a ceiling value of $3,463,312.16 and is a firm fixed price delivery order, with a completion date of February 23, 2022. This award appears to be associated with two larger indefinite delivery vehicle (IDV) contracts Stonex Financial LTD holds with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion supply. The Mint routinely issues firm fixed price delivery orders to Stonex Financial LTD under these IDVs, typically valued between $10 million and $16 million each, to maintain a steady and reliable supply of precious metals. There is no set-aside designation mentioned for this specific contract award.
Quick answers
Who was awarded contract 2031JG22F51536?
2031JG22F51536 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 15, 2022.
How much is contract 2031JG22F51536 worth?
The government has obligated $3,463,312 on 2031JG22F51536.
Is contract 2031JG22F51536 an order under another contract?
Yes. 2031JG22F51536 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51536 competed?
The extent of competition for 2031JG22F51536 was full and open competition.
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