Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71022
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $6,030,511
Award facts
- Contract value 100% obligated
- $6,030,510.72 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 | -$68,663 | |
| Original award | $6,099,174 |
About this award
This firm fixed-price delivery order contract was awarded by the Department of the Treasury's United States Mint to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for circulating coinage. The $6,030,510.72 award has a completion date of September 18, 2019 and did not utilize a set-aside designation. PMX Industries has received over 30 similar federal contracts from the Mint to furnish the raw metal materials, primarily base metals strip, needed for the production of circulating quarters, dimes, nickels, and pennies at PMX's facility in Cedar Rapids, Iowa. In February 2023, the Mint awarded PMX a 10-year, $2.3 billion indefinite delivery contract to continue supplying base metals strip for circulating coinage.
Quick answers
Who was awarded contract 2031JG19F71022?
2031JG19F71022 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on December 4, 2018.
How much is contract 2031JG19F71022 worth?
The government has obligated $6,030,511 on 2031JG19F71022.
Is contract 2031JG19F71022 an order under another contract?
Yes. 2031JG19F71022 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71022 competed?
The extent of competition for 2031JG19F71022 was full and open competition. The government received 2 offers.
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