Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56006
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $15,882,293
Award facts
- Contract value 100% obligated
- $15,882,292.58 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 331410 Nonferrous Metal (except Aluminum) Smelting and Refining
- PSC
- 9660 Precious Metals Primary Forms
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 4 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Great Britain, United Kingdom
Award details come from SAM.gov/FPDS.
About this award
This is a federal contract award by the United States Mint, a civilian agency, to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of silver raw material and silver bullion, with a ceiling value of $15,882,292.58. The contract is a delivery order, with a firm fixed price pricing type, and does not have a set-aside designation, indicating open competition.
The contract appears to be part of a larger indefinite delivery vehicle (IDV) contract with the United States Mint for the supply of silver raw materials, with a $10 billion ceiling value, awarded on June 23, 2021 and extending through December 31, 2040. This IDV allows the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to ensure a reliable international supply chain for the agency's precious metal requirements. The silver raw materials and bullion provided under this contract support the Mint's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F56006?
2031JG23F56006 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 7, 2023.
How much is contract 2031JG23F56006 worth?
The government has obligated $15,882,293 on 2031JG23F56006.
Is contract 2031JG23F56006 an order under another contract?
Yes. 2031JG23F56006 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56006 competed?
The extent of competition for 2031JG23F56006 was full and open competition. The government received 4 offers.
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