2031JG21D00020 - BASIC ORDERING AGREEMENT TO PROVIDE SILVER RAW MAT...
Federal Contract Award Search » IDC Award - US Mint BOA for Raw Silver (2021)
This IDC contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2021 on May 28, 2021 to PRECIOUS A-MARK METALS INC by US Mint. There have been $490.8M in obligations to date with a ceiling value of $10B, showing a 5% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received.
PRECIOUS A-MARK METALS INC is a contractor located in CA, doing primarily Industrial Products & Machinery > Industrial Products & Services work for Treasury. The company receives $555.9M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
- Contract Number
- 2031JG21D00020
- Contractor
- A-MARK PRECIOUS METALS, INC.
- Obligations to Date
- $490.8M
- Ceiling Value
- $10B
- Award Date
- 05/28/2021
- Contract Type
- IDC
- Contract Vehicle
- US Mint BOA for Raw Silver (2021)
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Treasury»US Mint
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 2031JG21F53001 | A-MARK PRECIOUS METALS, INC. | $16.3M | 06/17/2021 |
| 2031JG21F53002 | A-MARK PRECIOUS METALS, INC. | $15.7M | 07/13/2021 |
| 2031JG22F53003 | A-MARK PRECIOUS METALS, INC. | $13.5M | 10/18/2021 |
| 2031JG22F53004 | A-MARK PRECIOUS METALS, INC. | $14.3M | 10/28/2021 |
| 2031JG22F53005 | A-MARK PRECIOUS METALS, INC. | $13.9M | 01/18/2022 |
| 2031JG22F53006 | A-MARK PRECIOUS METALS, INC. | $14.6M | 01/24/2022 |
| 2031JG22F53007 | A-MARK PRECIOUS METALS, INC. | $15.6M | 03/14/2022 |
| 2031JG22F53008 | A-MARK PRECIOUS METALS, INC. | $15.4M | 03/21/2022 |
| 2031JG22F53009 | A-MARK PRECIOUS METALS, INC. | $15.4M | 04/05/2022 |
| 2031JG22F53010 | A-MARK PRECIOUS METALS, INC. | $15.6M | 04/20/2022 |
| 2031JG22F53011 | A-MARK PRECIOUS METALS, INC. | $13.7M | 05/31/2022 |
| 2031JG22F53012 | A-MARK PRECIOUS METALS, INC. | $13M | 06/13/2022 |
| 2031JG22F53013 | A-MARK PRECIOUS METALS, INC. | $13.1M | 06/21/2022 |
| 2031JG22F53014 | A-MARK PRECIOUS METALS, INC. | $12.6M | 06/27/2022 |
| 2031JG22F53015 | A-MARK PRECIOUS METALS, INC. | $12.1M | 08/02/2022 |
| 2031JG23F53016 | A-MARK PRECIOUS METALS, INC. | $11.3M | 10/31/2022 |
| 2031JG23F53017 | A-MARK PRECIOUS METALS, INC. | $14.1M | 12/14/2022 |
| 2031JG23F53018 | A-MARK PRECIOUS METALS, INC. | $28.7M | 01/17/2023 |
| 2031JG23F53019 | A-MARK PRECIOUS METALS, INC. | $14.8M | 01/30/2023 |
| 2031JG23F53020 | A-MARK PRECIOUS METALS, INC. | $14.2M | 02/06/2023 |
