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U.S. Department Of Defense·Georgia

Platinum Storage, Maintenance and Protection

Closes 6/13/2026$1M – $100MSole Source
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Description

The Air Force Life Cycle Management Center is seeking a contractor to provide storage, maintenance, and protection of government-owned platinum. The contractor will be responsible for storing the platinum in a suitable space, maintaining its condition, and protecting it from loss or theft. The contract will be awarded on a sole-source basis to Corning Incorporated. The period of performance is expected to be 10 years, from April 1, 2021, through March 31, 2031. The contractor will be required to provide the status of the platinum inventory, including its state, configuration, location, weight, and purity, 30 days prior to the end of the period of performance. • The contractor must have experience in handling precious metals, particularly platinum. • The contractor must have a secure facility to store the platinum. • The contractor must be able to provide maintenance and protection services for the platinum. • The contractor must be able to provide regular updates on the status of the platinum inventory.

Attached files

Contact

Shirley Breeze

[email protected]

Key dates

Opened
5/29/2026
Closes
6/13/2026
Duration
10 years

Last updated

Details

Type
Sole Source
Industry
Aerospace and Defense
NAICS
493110
Solicitation №
FA855626QB002

Budget estimate

$1,000,000 – $100,000,000

The estimated budget for this contract is difficult to determine without more specific information on the value of the platinum being stored. However, considering the 10-year period of performance and the specialized nature of the work, a rough estimate could be in the range of $1 million to $10 million per year, depending on the scope of work and the level of security required. This would put the total contract value at $10 million to $100 million over the 10-year period. Factors that may influence the likely payment range include the value of the platinum, the level of security required, the cost of storage and maintenance, and the level of competition in the market.

AI estimate from the solicitation

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