Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52118
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,930,961
Award facts
- Contract value 100% obligated
- $1,930,961.49 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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
- Salt Lake City, UT 84120, USA
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 bureau of the Department of the Treasury. The prime contractor is Asahi Refining USA Inc., a foreign-owned, for-profit corporation that specializes in precious metal refining and bullion products.
The contract is a delivery order with a firm fixed price valued at $1,930,961.49 and has an ultimate completion date of August 1, 2024. Asahi Refining USA Inc. has been awarded this contract without any set-aside designations. The company has established itself as an approved supplier of precious metals essential for the Mint's ongoing coin production programs, including circulating coins, commemorative issues, and bullion coins.
In addition to this specific contract, Asahi Refining USA Inc. holds two significant indefinite delivery contracts (IDVs) with the United States Mint. The first, awarded in December 2020, is a single-award vehicle valued at up to $20 billion for the provision of raw gold bullion through 2040. The second, awarded in March 2022, is a multiple-award vehicle worth up to an additional $10 billion for refined silver, also with an ordering period through 2040. These IDVs enable the Mint to issue delivery orders for precious metals without further competition, streamlining the acquisition process and ensuring a reliable supply of essential commodities for coin production.
Quick answers
Who was awarded contract 2031JG24F52118?
2031JG24F52118 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on July 10, 2024.
How much is contract 2031JG24F52118 worth?
The government has obligated $1,930,961 on 2031JG24F52118.
Is contract 2031JG24F52118 an order under another contract?
Yes. 2031JG24F52118 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG24F52118 competed?
The extent of competition for 2031JG24F52118 was full and open competition.
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