Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71009
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $11,828,500
Award facts
- Contract value 100% obligated
- $11,828,500.26 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 | -$0 | |
| Funding Only Action | -$5,996 | |
| Original award | $11,834,496 |
About this award
This federal contract award to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, is for the provision of metal strip used in the production of circulating U.S. coinage. The $11,828,500.26 firm fixed price delivery order was issued by the Department of the Treasury's United States Mint. The contract has no set-aside designation. PMX Industries, Inc. has been the sole supplier of circulating coinage metal strip to the U.S. Mint, facilitating the Mint's ability to meet public demand for coins. 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 period, with multiple firm fixed price task orders issued to date ranging from $250,000 to $19.9 million.
Quick answers
Who was awarded contract 2031JG18F71009?
2031JG18F71009 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on May 1, 2018.
How much is contract 2031JG18F71009 worth?
The government has obligated $11,828,500 on 2031JG18F71009.
Is contract 2031JG18F71009 an order under another contract?
Yes. 2031JG18F71009 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71009 competed?
The extent of competition for 2031JG18F71009 was full and open competition. The government received 2 offers.
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