Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG19F71032
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $9,179,603
Award facts
- Contract value 100% obligated
- $9,179,603.17 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 | -$2,007 | |
| Other Administrative Action | $1,375,992 | |
| Other Administrative Action | -$1,375,992 | |
| Original award | $9,181,610 |
About this award
This is a firm fixed price delivery order contract awarded by the Department of the Treasury United States Mint to PMX Industries, Inc., a subsidiary of the South Korean company Poongsan Corporation. The contract, valued at $9,179,603.17, is for the provision of metal strip to be used in the production of circulating coinage, including quarters, dimes, nickels, and pennies. The contract has a completion date of January 8, 2020 and was awarded on July 3, 2019. No set-aside designation was used.
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. The IDV and associated task orders facilitate the ongoing procurement of raw material from PMX as the prime contractor to fulfill the Mint's requirement for circulating coin production.
Quick answers
Who was awarded contract 2031JG19F71032?
2031JG19F71032 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on July 3, 2019.
How much is contract 2031JG19F71032 worth?
The government has obligated $9,179,603 on 2031JG19F71032.
Is contract 2031JG19F71032 an order under another contract?
Yes. 2031JG19F71032 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG19F71032 competed?
The extent of competition for 2031JG19F71032 was full and open competition. The government received 2 offers.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award