Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52158
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $989,318
Award facts
- Contract value 100% obligated
- $989,317.87 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 firm fixed-price delivery order was awarded to Asahi Refining USA Inc., a foreign-owned, for-profit corporation specializing in precious metal refining and bullion products. The contract, valued at $989,317.87, is for the provision of raw gold bullion to the United States Mint, a bureau of the Department of the Treasury.
Asahi Refining USA 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. The company holds two significant indefinite delivery contracts (IDVs) with the United States Mint, valued at up to $20 billion for raw gold bullion and $10 billion for refined silver, respectively, with ordering periods 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.
The contract does not utilize any set-aside designations, and Asahi Refining USA serves as the prime contractor without any major subcontractors listed. The primary goods provided by the company to the federal government are raw gold bullion and refined silver, which are delivered to the Mint's facility in Salt Lake City, Utah, by specified dates.
Quick answers
Who was awarded contract 2031JG24F52158?
2031JG24F52158 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on August 19, 2024.
How much is contract 2031JG24F52158 worth?
The government has obligated $989,318 on 2031JG24F52158.
Is contract 2031JG24F52158 an order under another contract?
Yes. 2031JG24F52158 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG24F52158 competed?
The extent of competition for 2031JG24F52158 was full and open competition.
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