Provide annealed metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71011
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,076,379
Award facts
- Contract value 100% obligated
- $1,076,378.82 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 | -$9,914 | |
| Funding Only Action | -$94,892 | |
| Original award | $1,181,185 |
About this award
This is a 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, to provide annealed metal strip for circulating coinage. The firm fixed price contract, valued at $1,076,378.82, was awarded on June 5, 2018 with a completion date of September 17, 2019. No set-aside designation was used. PMX Industries, Inc. has been the sole supplier of raw metal materials, primarily base metals strip, to the United States Mint for the production of circulating quarters, dimes, nickels and pennies, through over 30 federal contract delivery orders from 2019 to early 2023. In February 2023, PMX Industries 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 ending in 2032.
Quick answers
Who was awarded contract 2031JG18F71011?
2031JG18F71011 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on June 5, 2018.
How much is contract 2031JG18F71011 worth?
The government has obligated $1,076,379 on 2031JG18F71011.
Is contract 2031JG18F71011 an order under another contract?
Yes. 2031JG18F71011 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71011 competed?
The extent of competition for 2031JG18F71011 was full and open competition. The government received 2 offers.
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