Raw gold bullion

Ended Awarded

Contract number
2031JG24F52120
Awardee
Awarding agency
Obligated
$1,019,866

Award facts

Contract value 100% obligated
$1,019,866.12 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Contracting staff
NAICS code
331491 Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding
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 firm fixed-price delivery order contract was awarded by the United States Mint, a bureau of the U.S. Department of the Treasury, to Asahi Refining USA Inc. for the provision of raw gold bullion. The contract has a ceiling value of $1,019,866.12 and an ultimate completion date of August 1, 2024. Asahi Refining USA Inc. is a foreign-owned, for-profit corporation that specializes in precious metal refining and bullion products.

The contract does not utilize any set-aside designations. Asahi Refining USA Inc. serves as the prime contractor without any major subcontractors listed. This delivery order is part of two larger indefinite delivery vehicles (IDVs) awarded to Asahi Refining USA Inc. by the United States Mint. The first IDV, valued at up to $20 billion, is for the provision of raw gold bullion through 2040. The second IDV, worth up to an additional $10 billion, is for refined silver through 2040. These IDVs enable the Mint to issue delivery orders for precious metals without further competition, ensuring a reliable supply of essential commodities for ongoing U.S. coin production.

Quick answers

Who was awarded contract 2031JG24F52120?

2031JG24F52120 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on July 25, 2024.

How much is contract 2031JG24F52120 worth?

The government has obligated $1,019,866 on 2031JG24F52120.

Is contract 2031JG24F52120 an order under another contract?

Yes. 2031JG24F52120 is a delivery order under 2031JG21D00006, an indefinite delivery contract.

Was contract 2031JG24F52120 competed?

The extent of competition for 2031JG24F52120 was full and open competition.

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