Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71004
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $10,599,617
Award facts
- Contract value 100% obligated
- $10,599,616.58 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 | -$115,604 | |
| Supplemental Agreement for work within scope | $374,450 | |
| Original award | $10,340,770 |
About this award
This firm fixed-price delivery order contract was awarded by the Department of the Treasury United States Mint to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for the Mint's production of circulating coinage. The potential value of the contract is $10,599,616.58, and it does not have a set-aside designation. PMX Industries, Inc. has been the sole supplier of circulating coinage strip and metal to the Mint, enabling the agency to carry out its mission of producing coins to meet public demand. In February 2023, PMX Industries, Inc. 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.
Quick answers
Who was awarded contract 2031JG18F71004?
2031JG18F71004 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on January 3, 2018.
How much is contract 2031JG18F71004 worth?
The government has obligated $10,599,617 on 2031JG18F71004.
Is contract 2031JG18F71004 an order under another contract?
Yes. 2031JG18F71004 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71004 competed?
The extent of competition for 2031JG18F71004 was full and open competition. The government received 2 offers.
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