Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56011
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $10,908,547
Award facts
- Contract value 100% obligated
- $10,908,547.42 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 federal contract award is for the delivery of silver raw material to the United States Mint, a civilian federal agency. The contract was awarded to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, that specializes in global commodity trading and risk management, particularly in precious metals.
The contract is a firm fixed price delivery order with a ceiling value of $10,908,547.42 and a performance period ending on March 31, 2023. Stonex Financial LTD has been awarded multiple delivery order contracts with the United States Mint for precious metal raw materials, including gold bullion, silver, and palladium, since 2021. These contracts are issued under two larger indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD, one for silver raw materials with a $10 billion ceiling value and another for raw gold bullion. The IDVs allow the United States Mint to maintain a steady and reliable supply of critical precious metals from an international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F56011?
2031JG23F56011 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 23, 2023.
How much is contract 2031JG23F56011 worth?
The government has obligated $10,908,547 on 2031JG23F56011.
Is contract 2031JG23F56011 an order under another contract?
Yes. 2031JG23F56011 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56011 competed?
The extent of competition for 2031JG23F56011 was full and open competition. The government received 4 offers.
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