Platinum Storage, Maintenance and Protection
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The Department of the Air Force, under the DEPT OF DEFENSE, is issuing a Sole Source Purchase Order to Corning Incorporated for the storage, maintenance, and protection of Government-owned platinum. This effort ensures the secure handling of approximately xx.xx grams (or xx.xx troy ounces at 99.96% purity) of platinum. The response date for this notice is June 13, 2026. This procurement is justified as a sole-source award due to Corning Incorporated being the only responsible source.
Scope of Work
The Contractor, Corning Incorporated, shall provide:
- Storage, maintenance, and protection of Government-owned platinum (xx.xx grams or xx.xx troy ounces at 99.96% purity).
- A suitable and adequate storage space for the platinum's maintenance and protection.
- Responsibility and accountability for all Government property under the contract, in accordance with RFO Part 45 and R-DFARS Part 245.
- A status report of the platinum inventory (state, configuration, location, weight, purity) 30 days prior to the end of the Period of Performance.
Contract & Timeline
- Type: Sole Source Purchase Order, Firm Fixed-Priced.
- Duration: Anticipated two separate contracts, each with a base year and four one-year option years, totaling 10 years per contract. The Period of Performance is April 1, 2021, through March 31, 2031 (as per J&A).
- Set-Aside: Not Applicable (Sole Source).
- Response Due: June 13, 2026, at 5:00 PM EDT.
- Published: May 29, 2026.
Evaluation
This is a sole-source award. The contracting officer will determine that the anticipated cost to the Government is fair and reasonable based on previous purchase orders and Consumer Price Indices (CPI). Market research was not required as the purchase order amount is not expected to exceed the simplified acquisition threshold.
Additional Notes
This procurement is justified under the authority of 10 U.S.C 2304(c)(1) and FAR 6.302-1(a)(2)(ii), citing "Only one responsible source and no other supplies or services will satisfy agency requirements." Corning Incorporated has been the sole provider of these services since the early 1990s, with services provided at their facility in Bagneaux, France. The notice is a Combined Synopsis/Solicitation for this sole-source effort.