Provide metal strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG20F71038
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $6,509,496
Award facts
- Contract value 100% obligated
- $6,509,496.14 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 | -$3,070 | |
| Original award | $6,512,566 |
About this award
This federal contract was awarded by the Department of the Treasury's United States Mint to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide metal strip for circulating coinage. The firm fixed price delivery order award, valued at $6,509,496.14, was made on December 4, 2019 with a completion date of September 16, 2020. PMX Industries has received over 30 similar awards from 2019 to 2023 to supply the Mint with raw metal materials, primarily base metal strip, to enable the production of circulating quarters, dimes, nickels and pennies. In February 2023, PMX was awarded a $2.3 billion indefinite delivery contract by the Mint to provide base metals strip for circulating coinage over a 10 year ordering period. This contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG20F71038?
2031JG20F71038 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on December 4, 2019.
How much is contract 2031JG20F71038 worth?
The government has obligated $6,509,496 on 2031JG20F71038.
Is contract 2031JG20F71038 an order under another contract?
Yes. 2031JG20F71038 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG20F71038 competed?
The extent of competition for 2031JG20F71038 was full and open competition. The government received 2 offers.
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