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Department of Energy Awarded a Contract to COLONIAL METALS, INC for $64,294,895.00
Signed on
6/30/2022, 12:00 AM
COLONIAL METALS, INC Government Contract #89233122CNA000273
COLONIAL METALS, INC was awarded a contract with the United States Government for $64,294,895.00. The contract was awarded by the agency office NNSA NON-MO CNTRCTNG OPS DIV, which is a division with the Department of Energy within the Department of Energy.
Summary of Award
The recipient of the federal contract is Colonial Metals, Inc, a small U.S.-owned business located in Elkton, Maryland. The contract is to procure virgin palladium sponge meeting specific requirements, funded by the Department of Energy's NNSA Weapons Activities Funds, with a total obligation of $50,462,993. Notable contract details include the use of a definitive contract, the product or service description of precious metals primary forms, and a fixed price with economic price adjustment contract pricing.