Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71024
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $10,006,449
Award facts
- Contract value 100% obligated
- $10,006,449.04 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 | -$20,580 | |
| Original award | $10,027,029 |
About this award
The Department of the Treasury's United States Mint awarded a firm fixed price delivery order contract to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for the production of circulating coinage. The $10,006,449.04 contract, awarded on January 1, 2019, is for the delivery of metal strip to PMX's facility in Cedar Rapids, Iowa by September 18, 2019. This award is part of a larger indefinite delivery vehicle (IDV) contract valued at $2.3 billion that PMX Industries was awarded in February 2023 to provide base metals strip for circulating coinage over a 10-year ordering period. The contract does not have a set-aside designation, as PMX Industries is a foreign-owned, for-profit manufacturer. As the sole supplier of circulating coinage strip and metal to the United States Mint, PMX enables the agency to carry out its mission of producing coins to meet public demand.
Quick answers
Who was awarded contract 2031JG19F71024?
2031JG19F71024 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on January 1, 2019.
How much is contract 2031JG19F71024 worth?
The government has obligated $10,006,449 on 2031JG19F71024.
Is contract 2031JG19F71024 an order under another contract?
Yes. 2031JG19F71024 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71024 competed?
The extent of competition for 2031JG19F71024 was full and open competition. The government received 2 offers.
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