Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52242
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,813,832
Award facts
- Contract value 100% obligated
- $4,813,832.12 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 has a ceiling value of $4,813,832.12 and is a firm fixed price delivery order type. It does not have a set-aside designation. Stonex Financial LTD has been awarded numerous similar contracts with the United States Mint, ranging from $1 million to $22 million per order, for the delivery of precious metals such as gold, silver, and palladium. These contracts are often issued under the Mint's larger indefinite delivery vehicle (IDV) contracts with Stonex Financial LTD, which include a $10 billion ceiling value IDV for silver raw materials and an additional IDV for raw gold bullion supply.
The contract supports the United States Mint's ongoing coin and medal production operations by providing a reliable supply of critical raw materials from an international source.
Quick answers
Who was awarded contract 2031JG24F52242?
2031JG24F52242 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on January 17, 2024.
How much is contract 2031JG24F52242 worth?
The government has obligated $4,813,832 on 2031JG24F52242.
Is contract 2031JG24F52242 an order under another contract?
Yes. 2031JG24F52242 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F52242 competed?
The extent of competition for 2031JG24F52242 was full and open competition.
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