Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56045
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $21,575,977
Award facts
- Contract value 100% obligated
- $21,575,976.82 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 firm fixed price delivery order contract awarded by the United States Mint, a civilian agency of the U.S. government, to Stonex Financial LTD, a for-profit organization based in London, United Kingdom. The contract is for the provision of silver raw material and silver bullion, with a ceiling value of $21,575,976.82 and an ultimate completion date of November 22, 2024.
The contract is not set aside for any specific business category. It is part of a larger $10 billion indefinite delivery vehicle (IDV) contract for silver raw materials that was awarded to Stonex Financial LTD on June 23, 2021 and extends through December 31, 2040. This IDV enables the United States 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 Mint'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 2031JG25F56045?
2031JG25F56045 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on November 15, 2024.
How much is contract 2031JG25F56045 worth?
The government has obligated $21,575,977 on 2031JG25F56045.
Is contract 2031JG25F56045 an order under another contract?
Yes. 2031JG25F56045 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56045 competed?
The extent of competition for 2031JG25F56045 was full and open competition. The government received 3 offers.
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