Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71030
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,867,221
Award facts
- Contract value 100% obligated
- $5,867,221.41 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 | -$8,105 | |
| Original award | $5,875,327 |
About this award
The Department of the Treasury United States Mint awarded a firm fixed price delivery order contract valued at $5,867,221.41 to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for the production of circulating coinage. This contract has no set-aside designation. As the sole supplier of circulating coinage strip and metal to the Mint, PMX enables the agency to carry out its mission of producing coins to meet public demand. In February 2023, PMX Industries Inc. was also 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, with multiple subsequent firm fixed price delivery orders issued under this vehicle.
Quick answers
Who was awarded contract 2031JG19F71030?
2031JG19F71030 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on May 3, 2019.
How much is contract 2031JG19F71030 worth?
The government has obligated $5,867,221 on 2031JG19F71030.
Is contract 2031JG19F71030 an order under another contract?
Yes. 2031JG19F71030 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71030 competed?
The extent of competition for 2031JG19F71030 was full and open competition. The government received 2 offers.
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