Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56044
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $20,767,611
Award facts
- Contract value 100% obligated
- $20,767,611.23 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 · 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, particularly in 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 $20,767,611.23 and an ultimate completion date of October 16, 2024.
The contract is a delivery order under a larger indefinite delivery vehicle (IDV) contract for silver raw materials with a $10 billion ceiling value, which was awarded to Stonex Financial LTD on June 23, 2021 and extends through December 31, 2040. This allows the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to ensure a reliable international supply chain for their precious metal requirements. The contract does not have a set-aside designation, indicating it was awarded through open competition.
Quick answers
Who was awarded contract 2031JG25F56044?
2031JG25F56044 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 9, 2024.
How much is contract 2031JG25F56044 worth?
The government has obligated $20,767,611 on 2031JG25F56044.
Is contract 2031JG25F56044 an order under another contract?
Yes. 2031JG25F56044 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56044 competed?
The extent of competition for 2031JG25F56044 was full and open competition. The government received 3 offers.
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