Indefinite Delivery Contract 2031JG20D00010

Award Date 6/4/20
Last Date to Order 3/30/40
Federal Agency
United States Mint
Ultimate Awardee
Not listed
Federal Contract Vehicle
Pricing Type
Firm Fixed Price
Legislative Mandate
Not listed
National Interest Action
None
Award Type
Single
Primary Consortia Member
Not listed
Similar IDVs
The United States Mint, an agency of the Department of the Treasury, awarded an indefinite delivery contract to Stonex Financial LTD to provide silver raw material. The IDV has a potential value of $10 billion and a period of performance from June 2021 through December 2040. Under the IDV, the Mint has issued numerous firm fixed price delivery orders to Stonex Financial LTD, doing business as International Contract Value. The orders require the contractor to supply silver raw material and...
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  • 2031JG20D00010
    Indefinite Delivery Contract
  • 1.5K
    Federal Contract Awards

The United States Mint, a civilian agency within the U.S. government, has awarded Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, an Indefinite Delivery Contract (IDC) with a ceiling value of $10 billion. Under this IDC, the Mint is procuring raw gold bullion to support its ongoing production of circulating coins, commemorative coins, bullion coins, and national medals. Stonex Financial LTD, which specializes in global commodity trading and risk management focused on precious metals, has been awarded multiple firm fixed price delivery order contracts valued between $1 million and $22 million for the supply of gold, silver, and palladium raw materials.

The Mint has also awarded Stonex Financial LTD two significant indefinite delivery vehicle (IDV) contracts, one for silver raw materials with a $10 billion ceiling value and another for raw gold bullion supply, to ensure a steady and reliable supply of critical precious metal raw materials from an international source. These IDV contracts allow the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD to support the agency's ongoing coin and medal production operations. None of the task orders under this IDC have set-aside designations, indicating they were competed on an unrestricted basis.

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