Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51551
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,302,250
Award facts
- Contract value 100% obligated
- $4,302,249.72 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 contract award is for the delivery of raw gold bullion to the United States Mint, a civilian agency of the U.S. government. The prime contractor is 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 is a delivery order with a firm fixed price of $4,302,249.72 and an ultimate completion date of March 15, 2022. It is not designated as a set-aside contract. Stonex Financial LTD 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 supply. Under these IDVs, the Mint issues firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to maintain a steady and reliable supply of precious metals from this international source in support of the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51551?
2031JG22F51551 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 28, 2022.
How much is contract 2031JG22F51551 worth?
The government has obligated $4,302,250 on 2031JG22F51551.
Is contract 2031JG22F51551 an order under another contract?
Yes. 2031JG22F51551 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51551 competed?
The extent of competition for 2031JG22F51551 was full and open competition.
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