Silver raw material
Ended Awarded Last action
- Contract number
- 2031JG23F56022
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $12,534,881
Award facts
- Contract value 100% obligated
- $12,534,880.77 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $461,302 | |
| Original award | $12,073,578 |
About this award
This is a firm fixed price delivery order contract awarded 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 $12,534,880.77 and an ultimate completion date of September 5, 2023.
The contract is not set aside and is part of a larger $10 billion indefinite delivery vehicle (IDV) contract between the United States Mint and Stonex Financial LTD for the supply of silver raw materials. This IDV enables the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to support the agency's ongoing coin and medal production operations by ensuring a steady and reliable supply of critical raw materials from an international source.
Quick answers
Who was awarded contract 2031JG23F56022?
2031JG23F56022 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 14, 2023.
How much is contract 2031JG23F56022 worth?
The government has obligated $12,534,881 on 2031JG23F56022.
Is contract 2031JG23F56022 an order under another contract?
Yes. 2031JG23F56022 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56022 competed?
The extent of competition for 2031JG23F56022 was full and open competition. The government received 4 offers.
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