Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56020
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $15,638,869
Award facts
- Contract value 100% obligated
- $15,638,868.80 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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, valued at $15,638,868.80, was issued by the United States Mint to Stonex Financial LTD, a for-profit organization based in London, United Kingdom. The contract is for the delivery of silver raw material and silver bullion, which are critical raw materials used in the production of circulating coins, commemorative coins, bullion coins, and national medals by the United States Mint.
The contract is a firm fixed price delivery order issued under a larger indefinite delivery vehicle (IDV) contract between the United States Mint and Stonex Financial LTD for the supply of silver raw materials. The IDV contract has a ceiling value of $10 billion and was awarded on June 23, 2021, with a period of performance extending through December 31, 2040. This strategic procurement approach ensures a reliable international supply chain for the United States Mint's precious metal requirements.
The contract does not have a set-aside designation, indicating open competition. Stonex Financial LTD is the prime contractor, and there are no major subcontractors mentioned. The contract supports the United States Mint's ongoing coin and medal production operations by providing a steady and reliable supply of critical silver raw materials from an international source.
Quick answers
Who was awarded contract 2031JG23F56020?
2031JG23F56020 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 28, 2023.
How much is contract 2031JG23F56020 worth?
The government has obligated $15,638,869 on 2031JG23F56020.
Is contract 2031JG23F56020 an order under another contract?
Yes. 2031JG23F56020 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56020 competed?
The extent of competition for 2031JG23F56020 was full and open competition. The government received 4 offers.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award