Silver raw material
Ended Awarded
- Contract number
- 2031JG24F56031
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $14,026,383
Award facts
- Contract value 100% obligated
- $14,026,382.57 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 is a delivery order issued to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, that specializes in global commodity trading and risk management. The contract, valued at $14,026,382.57, is for the provision of silver raw material and silver bullion to the United States Mint, a civilian agency of the U.S. government.
The contract is a firm fixed price delivery order, with no set-aside designation, indicating open competition. It is part of a larger indefinite delivery vehicle (IDV) contract between Stonex Financial LTD and the United States Mint for the supply of silver raw materials, with a $10 billion ceiling value. This IDV enables 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 its precious metal requirements.
Quick answers
Who was awarded contract 2031JG24F56031?
2031JG24F56031 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 4, 2024.
How much is contract 2031JG24F56031 worth?
The government has obligated $14,026,383 on 2031JG24F56031.
Is contract 2031JG24F56031 an order under another contract?
Yes. 2031JG24F56031 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG24F56031 competed?
The extent of competition for 2031JG24F56031 was full and open competition. The government received 4 offers.
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