Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52148
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,963,899
Award facts
- Contract value 100% obligated
- $3,963,899.07 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, with identification number 2031JG21D00006|2031JG24F52148, is for the delivery of raw gold bullion to the United States Mint, a bureau of the Department of the Treasury. The contract, which does not utilize any set-aside designations, was awarded to Asahi Refining USA Inc., a foreign-owned, for-profit corporation that specializes in precious metal refining and bullion products.
The contract has a ceiling value of $3,963,899.07 and is a firm fixed-price delivery order with an ultimate completion date of August 16, 2024. Asahi Refining USA Inc. has been awarded numerous delivery orders by the United States Mint, with individual contract values ranging from approximately $800,000 to over $77 million, to supply refined precious metals to the Mint's facility in Salt Lake City, Utah.
In addition to this specific contract award, 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 ensure a reliable supply of essential commodities for U.S. coinage production over the next two decades.
Quick answers
Who was awarded contract 2031JG24F52148?
2031JG24F52148 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on August 7, 2024.
How much is contract 2031JG24F52148 worth?
The government has obligated $3,963,899 on 2031JG24F52148.
Is contract 2031JG24F52148 an order under another contract?
Yes. 2031JG24F52148 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG24F52148 competed?
The extent of competition for 2031JG24F52148 was full and open competition.
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