Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71028
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,780,804
Award facts
- Contract value 100% obligated
- $7,780,803.60 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 | -$17,956 | |
| Funding Only Action | -$758 | |
| Original award | $7,799,518 |
About this award
The Department of the Treasury United States Mint awarded a firm fixed price delivery order contract to PMX Industries, Inc., a subsidiary of the South Korean company Poongsan Corporation, to provide metal strip for the production of circulating coinage. The contract, with a potential value of $7,780,803.60, was awarded on March 6, 2019, with a completion date of September 18, 2019. PMX Industries, Inc. has been the sole supplier of circulating coinage strip and metal to the United States Mint, enabling the Mint to carry out its mission of producing coins to meet public demand. In February 2023, PMX Industries, Inc. was awarded a $2.3 billion indefinite delivery contract from the Mint to provide base metals strip for circulating coinage over a 10-year ordering period ending in 2032. This multiple award IDV utilizes task orders, of which over 15 firm fixed price delivery orders have been subsequently issued to PMX from June 2023 to September 2032 ranging from $250,000 to $19.9 million.
Quick answers
Who was awarded contract 2031JG19F71028?
2031JG19F71028 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on March 6, 2019.
How much is contract 2031JG19F71028 worth?
The government has obligated $7,780,804 on 2031JG19F71028.
Is contract 2031JG19F71028 an order under another contract?
Yes. 2031JG19F71028 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71028 competed?
The extent of competition for 2031JG19F71028 was full and open competition. The government received 2 offers.
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