Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71005
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $11,113,857
Award facts
- Contract value 100% obligated
- $11,113,856.80 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 · 1 offer 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 | -$156,731 | |
| Supplemental Agreement for work within scope | $386,846 | |
| Original award | $10,883,742 |
About this award
This is a firm fixed-price delivery order contract awarded by the Department of the Treasury United States Mint to PMX Industries, Inc., a subsidiary of the South Korean company Poongsan Corporation. The contract is for the provision of metal strip to be used in the production of circulating U.S. coinage, including quarters, dimes, nickels, and pennies. The potential value of the contract is $11,113,856.80, and the period of performance runs from the award date of February 1, 2018 through March 2, 2018. This contract did 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 a 10-year ordering period.
Quick answers
Who was awarded contract 2031JG18F71005?
2031JG18F71005 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on February 1, 2018.
How much is contract 2031JG18F71005 worth?
The government has obligated $11,113,857 on 2031JG18F71005.
Is contract 2031JG18F71005 an order under another contract?
Yes. 2031JG18F71005 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71005 competed?
The extent of competition for 2031JG18F71005 was full and open competition. The government received 1 offer.
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