Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56047
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $20,008,717
Award facts
- Contract value 100% obligated
- $20,008,716.91 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 federal contract award is for the procurement of silver raw material and silver bullion by the United States Mint, a civilian agency within the U.S. government. The contract, identified as 2031JG21D00023|2031JG25F56047, has a ceiling value of $20,008,716.91 and an ultimate completion date of December 6, 2024.
The prime contractor for this award is 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. Stonex Financial LTD is the sole supplier of raw precious metal materials, including gold, silver, and palladium, to the United States Mint under this contract and several other indefinite delivery vehicle (IDV) contracts with the agency.
This contract is a delivery order, with a firm fixed price pricing type, and does not have a set-aside designation, indicating open competition. The contract supports the United States Mint's ongoing coin and medal production operations by ensuring a reliable supply of critical raw materials from an international source.
Quick answers
Who was awarded contract 2031JG25F56047?
2031JG25F56047 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on November 26, 2024.
How much is contract 2031JG25F56047 worth?
The government has obligated $20,008,717 on 2031JG25F56047.
Is contract 2031JG25F56047 an order under another contract?
Yes. 2031JG25F56047 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56047 competed?
The extent of competition for 2031JG25F56047 was full and open competition. The government received 3 offers.
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