Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71007
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $6,970,271
Award facts
- Contract value 100% obligated
- $6,970,270.73 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 | -$32,895 | |
| Additional Work (new agreement, FAR part 6 applies) | $379,992 | |
| Original award | $6,623,174 |
About this award
This federal contract award is to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for circulating coinage to the Department of the Treasury United States Mint. The firm fixed price delivery order, valued at $6,970,270.73, is for the period of April 2, 2018 through May 2, 2018 with performance occurring at PMX's facility in Cedar Rapids, Iowa. No set-aside designation was used for this award.
PMX Industries, Inc. has been the sole supplier of circulating coinage strip and metal to the United States Mint, enabling the Mint 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 2031JG18F71007?
2031JG18F71007 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on April 2, 2018.
How much is contract 2031JG18F71007 worth?
The government has obligated $6,970,271 on 2031JG18F71007.
Is contract 2031JG18F71007 an order under another contract?
Yes. 2031JG18F71007 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71007 competed?
The extent of competition for 2031JG18F71007 was full and open competition. The government received 2 offers.
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