Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56048
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $17,018,430
Award facts
- Contract value 100% obligated
- $17,018,430.42 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 · 2 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 delivery of silver raw material and silver bullion to the United States Mint, a civilian agency of the U.S. government. The contract was awarded 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 has a ceiling value of $17,018,430.42 and an ultimate completion date of December 13, 2024. It is a delivery order contract with a firm fixed price pricing type, and there is no set-aside designation, indicating open competition. This contract appears to be a delivery order issued under a larger indefinite delivery vehicle (IDV) contract for silver raw materials that Stonex Financial LTD holds with the United States Mint, with a $10 billion ceiling value and a period of performance extending through December 31, 2040. The Mint routinely issues firm fixed price delivery orders to Stonex Financial LTD under this IDV, typically valued between $10 million and $16 million each, to ensure a reliable international supply chain for its precious metal requirements.
Quick answers
Who was awarded contract 2031JG25F56048?
2031JG25F56048 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on December 10, 2024.
How much is contract 2031JG25F56048 worth?
The government has obligated $17,018,430 on 2031JG25F56048.
Is contract 2031JG25F56048 an order under another contract?
Yes. 2031JG25F56048 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56048 competed?
The extent of competition for 2031JG25F56048 was full and open competition. The government received 2 offers.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award