Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71008
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $195,212
Award facts
- Contract value 100% obligated
- $195,212.16 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 | -$45 | |
| Funding Only Action | $0 | |
| Other Administrative Action | -$409 | |
| Original award | $195,666 |
About this award
The Department of the Treasury United States Mint awarded a firm fixed price delivery order contract to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for circulating coinage. The $195,212.16 contract had a completion date of May 2, 2018 and did not utilize a set-aside designation. PMX Industries, as the prime contractor, supplies the raw metal materials, primarily base metal strip, that the Mint uses to manufacture circulating quarters, dimes, nickels, and pennies at its facility in Cedar Rapids, Iowa. In February 2023, the Mint awarded PMX Industries an Indefinite Delivery Vehicle (IDV) contract valued at $2.3 billion to provide base metals strip for circulating coinage over a 10-year ordering period through 2032, with associated task orders ranging from $250,000 to $19.9 million.
Quick answers
Who was awarded contract 2031JG18F71008?
2031JG18F71008 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on April 2, 2018.
How much is contract 2031JG18F71008 worth?
The government has obligated $195,212 on 2031JG18F71008.
Is contract 2031JG18F71008 an order under another contract?
Yes. 2031JG18F71008 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71008 competed?
The extent of competition for 2031JG18F71008 was full and open competition. The government received 2 offers.
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