Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71003
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $9,313,222
Award facts
- Contract value 100% obligated
- $9,313,221.71 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 | -$128,092 | |
| Supplemental Agreement for work within scope | $563,420 | |
| Original award | $8,877,894 |
About this award
This federal contract award was issued by the Department of the Treasury's United States Mint to PMX Industries, Inc., a subsidiary of the South Korean company Poongsan Corporation, to provide metal strip for circulating coinage. The firm fixed price delivery order, valued at $9,313,221.71, is for the manufacture and delivery of the raw metal materials needed to produce circulating quarters, dimes, nickels, and pennies at PMX's facility in Cedar Rapids, Iowa. This contract does not have a set-aside designation. PMX Industries, Inc. has been the sole supplier of circulating coinage strip and metal to the United States Mint, enabling the agency to fulfill its mission of producing coins to meet public demand. 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 the next 10 years.
Quick answers
Who was awarded contract 2031JG18F71003?
2031JG18F71003 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on December 4, 2017.
How much is contract 2031JG18F71003 worth?
The government has obligated $9,313,222 on 2031JG18F71003.
Is contract 2031JG18F71003 an order under another contract?
Yes. 2031JG18F71003 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71003 competed?
The extent of competition for 2031JG18F71003 was full and open competition. The government received 2 offers.
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