Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F51054
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,840,662
Award facts
- Contract value 100% obligated
- $3,840,662.41 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 of the U.S. government. 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 is a firm fixed-price delivery order with a ceiling value of $3,840,662.41 and a performance period that ends on August 21, 2024. Stonex Financial LTD has been awarded multiple delivery order contracts with the United States Mint since 2021, ranging from $1 million to $22 million per order, for the supply of raw precious metals including gold, silver, and palladium.
This contract is part of the United States Mint's strategic procurement approach to maintain a steady and reliable supply of critical raw materials from an international source. Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the Mint, one for silver raw materials with a $10 billion ceiling value and another for raw gold bullion, which supports the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG24F51054?
2031JG24F51054 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 13, 2024.
How much is contract 2031JG24F51054 worth?
The government has obligated $3,840,662 on 2031JG24F51054.
Is contract 2031JG24F51054 an order under another contract?
Yes. 2031JG24F51054 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F51054 competed?
The extent of competition for 2031JG24F51054 was full and open competition.
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