Provide annealed metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71015
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,934,544
Award facts
- Contract value 100% obligated
- $1,934,544.48 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 | -$16,315 | |
| Funding Only Action | -$409,664 | |
| Original award | $2,360,523 |
About this award
This federal contract award from the Department of the Treasury United States Mint is for PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide annealed metal strip for the production of circulating coinage. The $1,934,544.48 firm fixed price delivery order contract was awarded on July 3, 2018, with a completion date of March 24, 2020. No set-aside designation was used.
In February 2023, PMX Industries Inc. 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. This multiple award IDV utilizes task orders, of which over 15 firm fixed price delivery orders have been subsequently issued to PMX from June 2023 to September 2032 ranging from $250,000 to $19.9 million. The IDV and associated task orders facilitate the ongoing procurement of raw material from PMX as the prime contractor to fulfill the Mint's requirement for circulating coin production.
Quick answers
Who was awarded contract 2031JG18F71015?
2031JG18F71015 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on July 3, 2018.
How much is contract 2031JG18F71015 worth?
The government has obligated $1,934,544 on 2031JG18F71015.
Is contract 2031JG18F71015 an order under another contract?
Yes. 2031JG18F71015 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71015 competed?
The extent of competition for 2031JG18F71015 was full and open competition. The government received 1 offer.
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