Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG20F71036
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $8,312,203
Award facts
- Contract value 100% obligated
- $8,312,203.42 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 | -$2,235 | |
| Original award | $8,314,438 |
About this award
This is a 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 is for the provision of metal strip used in the production of circulating U.S. coinage, including quarters, dimes, nickels, and pennies. The contract is a firm fixed price contract with a potential value of $8,312,203.42 and a completion date of March 23, 2020. No set-aside designation was used.
In February 2023, PMX Industries, Inc. was also awarded a $2.3 billion indefinite delivery contract from the U.S. 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 2031JG20F71036?
2031JG20F71036 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on October 3, 2019.
How much is contract 2031JG20F71036 worth?
The government has obligated $8,312,203 on 2031JG20F71036.
Is contract 2031JG20F71036 an order under another contract?
Yes. 2031JG20F71036 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG20F71036 competed?
The extent of competition for 2031JG20F71036 was full and open competition. The government received 2 offers.
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