Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG18F71018
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $8,088,388
Award facts
- Contract value 100% obligated
- $8,088,388.34 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 | -$15,305 | |
| Original award | $8,103,693 |
About this award
This federal contract was awarded by the Department of the Treasury United States Mint to PMX Industries, Inc., a subsidiary of the South Korean company Poongsan Corporation. The contract is for the provision of metal strip used in the production of circulating U.S. coinage, such as quarters, dimes, nickels, and pennies. The contract was awarded on September 5, 2018, with a potential value of $8,088,388.34 and a completion date of October 3, 2018. The contract is a firm fixed-price delivery order with no set-aside designation.
In February 2023, PMX Industries, Inc. was awarded a $2.3 billion indefinite delivery contract from the U.S. Mint to provide base metals strip for circulating coinage over a 10-year ordering period ending in 2032. This multiple award indefinite delivery vehicle (IDV) utilizes task orders, with over 15 firm fixed-price delivery orders issued to PMX from June 2023 to September 2032, ranging from $250,000 to $19.9 million. This ongoing contract facilitates the procurement of raw materials from PMX as the prime contractor to fulfill the Mint's requirement for circulating coin production.
Quick answers
Who was awarded contract 2031JG18F71018?
2031JG18F71018 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on September 5, 2018.
How much is contract 2031JG18F71018 worth?
The government has obligated $8,088,388 on 2031JG18F71018.
Is contract 2031JG18F71018 an order under another contract?
Yes. 2031JG18F71018 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG18F71018 competed?
The extent of competition for 2031JG18F71018 was full and open competition. The government received 2 offers.
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