Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71029
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $11,433,169
Award facts
- Contract value 100% obligated
- $11,433,169.49 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 | -$4,993 | |
| Original award | $11,438,162 |
About this award
This is a federal contract awarded by the Department of the Treasury United States Mint to PMX Industries, Inc., a subsidiary of the South Korean company Poongsan Corporation, to provide metal strip for circulating coinage. The contract is a firm fixed price delivery order with a potential value of $11,433,169.49. The contract has no set-aside designation, and the place of performance is in Cedar Rapids, Iowa. PMX Industries, Inc. has been awarded over 30 similar federal contracts from 2019 to 2023 to supply raw metal materials, primarily base metal strip, to the United States Mint for the production of circulating quarters, dimes, nickels, and pennies. 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 period, with multiple subsequent firm fixed price delivery orders issued under this vehicle.
Quick answers
Who was awarded contract 2031JG19F71029?
2031JG19F71029 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on April 4, 2019.
How much is contract 2031JG19F71029 worth?
The government has obligated $11,433,169 on 2031JG19F71029.
Is contract 2031JG19F71029 an order under another contract?
Yes. 2031JG19F71029 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71029 competed?
The extent of competition for 2031JG19F71029 was full and open competition. The government received 2 offers.
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