Silver raw material
Ended Awarded
- Contract number
- 2031JG24F56037
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $14,876,943
Award facts
- Contract value 100% obligated
- $14,876,943.28 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 · 3 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 is a federal contract award to Stonex Financial LTD, a for-profit organization based in London, United Kingdom, that specializes in global commodity trading and risk management, with a focus on precious metals. The contract, awarded by the United States Mint, is for the delivery of silver raw material and silver bullion, with a ceiling value of $14,876,943.28 and a completion date of May 21, 2024. The contract is a delivery order, with a firm fixed price pricing type, and is not set aside.
Stonex Financial LTD is the prime contractor and appears to be the sole supplier for this contract. The award is associated with two larger indefinite delivery vehicle (IDV) contracts the company holds with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion. These IDVs enable 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 2031JG24F56037?
2031JG24F56037 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 14, 2024.
How much is contract 2031JG24F56037 worth?
The government has obligated $14,876,943 on 2031JG24F56037.
Is contract 2031JG24F56037 an order under another contract?
Yes. 2031JG24F56037 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG24F56037 competed?
The extent of competition for 2031JG24F56037 was full and open competition. The government received 3 offers.
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