Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71014
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $13,929,053
Award facts
- Contract value 100% obligated
- $13,929,052.66 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 · 1 offer 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 | -$104,899 | |
| Other Administrative Action | -$1,172,959 | |
| Original award | $15,206,911 |
About this award
This federal contract award from the Department of the Treasury's United States Mint is for PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for the production of circulating coinage. The $13,929,052.66 firm fixed price delivery order contract has a performance period ending on August 2, 2018. The contract does not have a set-aside designation. As the sole supplier of circulating coinage strip and metal to the United States Mint, PMX Industries enables the agency to fulfill its mission of producing coins to meet public demand. In February 2023, PMX Industries was also 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 2031JG18F71014?
2031JG18F71014 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on July 3, 2018.
How much is contract 2031JG18F71014 worth?
The government has obligated $13,929,053 on 2031JG18F71014.
Is contract 2031JG18F71014 an order under another contract?
Yes. 2031JG18F71014 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71014 competed?
The extent of competition for 2031JG18F71014 was full and open competition. The government received 1 offer.
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