Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71021
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $8,158,675
Award facts
- Contract value 100% obligated
- $8,158,674.92 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 | -$9,430 | |
| Other Administrative Action | $0 | |
| Original award | $8,168,105 |
About this award
This federal contract award is for PMX Industries Inc., a subsidiary of the South Korean company Poongsan Corporation, to provide metal strip for circulating coinage to the United States Mint, which is part of the Department of the Treasury. The firm fixed price delivery order, valued at $8,158,674.92, was awarded on November 5, 2018 with a completion date of December 3, 2018. No set-aside designation was used for this award. This contract is part of a larger indefinite delivery vehicle (IDV) awarded to PMX in February 2023, valued at $2.3 billion over a 10-year ordering period, to supply base metals strip for circulating coin production. The Mint has issued over 15 firm fixed price task orders under this IDV to PMX since June 2023, ranging from $250,000 to $19.9 million, to meet its ongoing requirement for raw materials to manufacture circulating coins such as quarters, dimes, nickels, and pennies.
Quick answers
Who was awarded contract 2031JG19F71021?
2031JG19F71021 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on November 5, 2018.
How much is contract 2031JG19F71021 worth?
The government has obligated $8,158,675 on 2031JG19F71021.
Is contract 2031JG19F71021 an order under another contract?
Yes. 2031JG19F71021 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71021 competed?
The extent of competition for 2031JG19F71021 was full and open competition. The government received 2 offers.
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