Silver raw material
Ended Awarded
- Contract number
- 2031JG24F56032
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $14,351,117
Award facts
- Contract value 100% obligated
- $14,351,116.58 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, with a focus on precious metals. The contract is for the provision of silver raw material and silver bullion to the United States Mint, a civilian agency under the Department of the Treasury.
The contract has a ceiling value of $14,351,116.58 and an ultimate completion date of April 30, 2024. It is a firm fixed-price contract, with no set-aside designation, indicating open competition. Stonex Financial LTD is the prime contractor and has previously been awarded two significant indefinite delivery vehicle (IDV) contracts with the United States Mint for the supply of silver raw materials and gold bullion, with a combined ceiling value of over $10 billion. These IDVs enable the Mint to routinely issue delivery orders to Stonex Financial LTD, ensuring a reliable international supply chain for the agency's precious metal requirements.
Quick answers
Who was awarded contract 2031JG24F56032?
2031JG24F56032 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 9, 2024.
How much is contract 2031JG24F56032 worth?
The government has obligated $14,351,117 on 2031JG24F56032.
Is contract 2031JG24F56032 an order under another contract?
Yes. 2031JG24F56032 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG24F56032 competed?
The extent of competition for 2031JG24F56032 was full and open competition. The government received 4 offers.
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