Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52146
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,057,301
Award facts
- Contract value 100% obligated
- $4,057,300.62 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 contract was awarded to Asahi Refining USA Inc., a foreign-owned, for-profit corporation that specializes in precious metal refining and bullion products. This is a firm fixed-price delivery order contract with a ceiling value of $4,057,300.62 and an ultimate completion date of August 16, 2024.
Asahi Refining USA Inc. has been awarded multiple indefinite delivery contracts (IDVs) by the United States Mint, including a single-award vehicle valued at up to $20 billion for the provision of raw gold bullion through 2040, and a multiple-award vehicle worth up to an additional $10 billion for refined silver, also with an ordering period through 2040. These IDVs allow the Mint to issue delivery orders for precious metals without further competition, ensuring a reliable supply of essential commodities for U.S. coinage production over the next two decades.
The contract does not utilize any set-aside designations, and Asahi Refining USA Inc. serves as the prime contractor without any major subcontractors listed. The streamlined acquisition process established through these contracts helps the Mint reliably meet its production needs for circulating coins, commemorative issues, and bullion coins.
Quick answers
Who was awarded contract 2031JG24F52146?
2031JG24F52146 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on August 7, 2024.
How much is contract 2031JG24F52146 worth?
The government has obligated $4,057,301 on 2031JG24F52146.
Is contract 2031JG24F52146 an order under another contract?
Yes. 2031JG24F52146 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG24F52146 competed?
The extent of competition for 2031JG24F52146 was full and open competition.
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