Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71010
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,741,557
Award facts
- Contract value 100% obligated
- $7,741,557.26 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 | -$98,004 | |
| Original award | $7,839,562 |
About this award
This federal contract award is for the Department of the Treasury United States Mint to procure metal strip for circulating coinage production. The prime contractor, PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, has been awarded multiple delivery orders to supply base metals strip since 2019. The most recent award is a $2.3 billion indefinite delivery vehicle with a 10-year ordering period, under which over 15 firm fixed price task orders have been issued to PMX ranging from $250,000 to $19.9 million. This contract does not have a set-aside designation. As the sole supplier of circulating coinage strip and metal to the United States Mint, PMX enables the agency to carry out its mission of producing coins to meet public demand.
Quick answers
Who was awarded contract 2031JG18F71010?
2031JG18F71010 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on June 5, 2018.
How much is contract 2031JG18F71010 worth?
The government has obligated $7,741,557 on 2031JG18F71010.
Is contract 2031JG18F71010 an order under another contract?
Yes. 2031JG18F71010 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71010 competed?
The extent of competition for 2031JG18F71010 was full and open competition. The government received 2 offers.
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