Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18D71000
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $669,354
Award facts
- Contract value 100% obligated
- $669,354.47 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 331420 Copper Rolling, Drawing, Extruding, and Alloying
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Cedar Rapids, IA 52404, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $27,852 | |
| Original award | $641,502 |
About this award
This federal contract award to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, is for the provision of metal strip used in the production of U.S. circulating coinage by the Department of the Treasury's United States Mint. The firm-fixed-price delivery order, valued at $669,354.47, was awarded on December 13, 2017, with a completion date of January 31, 2018. No set-aside designation was used.
PMX Industries, Inc. has been the sole supplier of base metals strip for the Mint's circulating coin production, receiving over 30 federal contract awards valued from $1.5 million to over $30 million between 2019 and 2023. In February 2023, PMX was awarded a $2.3 billion indefinite delivery contract from the Mint to provide base metals strip for circulating coinage over a 10-year ordering period, with multiple associated task orders issued to date.
Quick answers
Who was awarded contract 2031JG18D71000?
2031JG18D71000 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on December 13, 2017.
How much is contract 2031JG18D71000 worth?
The government has obligated $669,354 on 2031JG18D71000.
Is contract 2031JG18D71000 an order under another contract?
Yes. 2031JG18D71000 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18D71000 competed?
The extent of competition for 2031JG18D71000 was full and open competition. The government received 2 offers.
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