Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52048
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,778,478
Award facts
- Contract value 100% obligated
- $4,778,478.41 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 is a firm fixed price delivery order contract awarded by the United States Mint, a civilian federal agency, to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of raw gold bullion, with a ceiling value of $4,778,478.41 and a period of performance through May 9, 2023.
Stonex Financial LTD also 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 routinely issues firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each. These contracts enable the United States Mint to maintain a steady and reliable supply of precious metals from an international source, supporting the agency's ongoing coin and medal production operations.
This contract does not have a set-aside designation, and there is no mention of any major subcontractors. The contract represents a strategic procurement approach by the United States Mint to source critical raw materials from a proven international supplier, Stonex Financial LTD, to support the agency's coin and medal production requirements.
Quick answers
Who was awarded contract 2031JG23F52048?
2031JG23F52048 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 25, 2023.
How much is contract 2031JG23F52048 worth?
The government has obligated $4,778,478 on 2031JG23F52048.
Is contract 2031JG23F52048 an order under another contract?
Yes. 2031JG23F52048 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52048 competed?
The extent of competition for 2031JG23F52048 was full and open competition.
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