Provide $1-golden dollar strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71027
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,515,637
Award facts
- Contract value 100% obligated
- $1,515,636.58 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 | -$298 | |
| Other Administrative Action | $657,420 | |
| Other Administrative Action | $148,379 | |
| Funding Only Action | $224,532 | |
| Original award | $485,604 |
About this award
The U.S. 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 $1 golden dollar strip for circulating coinage. The contract has a potential value of $1,515,636.58 and a completion date of September 18, 2019. PMX Industries, Inc. has received over 30 similar federal contract awards from 2019 to 2023 to supply raw metal materials, primarily base metals strip, for the Mint's production of circulating quarters, dimes, nickels, and pennies. In February 2023, the Mint awarded PMX Industries, Inc. a $2.3 billion indefinite delivery contract to provide base metals strip for circulating coinage over a 10-year ordering period. This contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG19F71027?
2031JG19F71027 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on February 12, 2019.
How much is contract 2031JG19F71027 worth?
The government has obligated $1,515,637 on 2031JG19F71027.
Is contract 2031JG19F71027 an order under another contract?
Yes. 2031JG19F71027 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71027 competed?
The extent of competition for 2031JG19F71027 was full and open competition. The government received 2 offers.
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