Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG20F71037
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $6,868,537
Award facts
- Contract value 100% obligated
- $6,868,536.88 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 | -$260,401 | |
| Other Administrative Action | -$8,523 | |
| Original award | $7,137,460 |
About this award
This federal contract award was issued by the Department of the Treasury United States Mint to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation. The $6,868,536.88 firm fixed price delivery order contract is for the provision of metal strip for the Mint's production of circulating coinage, including quarters, dimes, nickels, and pennies. The work will be performed at PMX's facility in Cedar Rapids, Iowa. No set-aside designation was used for this award.
In February 2023, PMX Industries was also awarded a $2.3 billion indefinite delivery vehicle (IDV) contract by the Mint to provide base metals strip for circulating coinage over a 10-year period ending in 2032. This multiple award IDV utilizes firm fixed price task orders, over 15 of which have been issued to PMX since June 2023 ranging from $250,000 to $19.9 million. This larger contract vehicle and associated task orders facilitate the ongoing procurement of raw materials from PMX as the prime contractor to fulfill the Mint's requirement for circulating coin production.
Quick answers
Who was awarded contract 2031JG20F71037?
2031JG20F71037 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on November 6, 2019.
How much is contract 2031JG20F71037 worth?
The government has obligated $6,868,537 on 2031JG20F71037.
Is contract 2031JG20F71037 an order under another contract?
Yes. 2031JG20F71037 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG20F71037 competed?
The extent of competition for 2031JG20F71037 was full and open competition. The government received 2 offers.
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