Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56008
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $13,873,102
Award facts
- Contract value 100% obligated
- $13,873,102.04 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 to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, that specializes in global commodity trading and risk management, with a focus on precious metals. The contract is a delivery order valued at $13,873,102.04 for the supply of silver raw material and silver bullion to the United States Mint, a civilian agency under the Department of the Treasury.
The contract is a firm fixed price delivery order under two larger indefinite delivery vehicle (IDV) contracts that Stonex Financial LTD holds with the United States Mint. The primary IDV is a $10 billion multiple-award contract for silver raw materials, while the second IDV appears to be for raw gold bullion supply. These IDVs enable the Mint to routinely issue 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 contract does not have a set-aside designation, indicating open competition.
Quick answers
Who was awarded contract 2031JG23F56008?
2031JG23F56008 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 27, 2023.
How much is contract 2031JG23F56008 worth?
The government has obligated $13,873,102 on 2031JG23F56008.
Is contract 2031JG23F56008 an order under another contract?
Yes. 2031JG23F56008 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56008 competed?
The extent of competition for 2031JG23F56008 was full and open competition. The government received 4 offers.
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