Provide strip and metal for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG20F71048
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $30,146,994
Award facts
- Contract value 100% obligated
- $30,146,993.95 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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 | |
| Funding Only Action | -$23,217 | |
| Other Administrative Action | $177,051 | |
| Original award | $29,993,161 |
About this award
This firm fixed price delivery order from the Department of the Treasury's United States Mint awards PMX Industries Inc. $30,146,993.95 to provide strip and metal for circulating coinage. As the sole supplier of base metals strip and raw materials to the Mint, PMX will furnish the inputs required for production of quarters, dimes, nickels and pennies under this contract performed in Cedar Rapids, Iowa. PMX Industries Inc. is a subsidiary of South Korean corporation Poongsan that manufactures metal products and has served as the Mint's prime contractor for supply of circulating coinage strip through over 30 awards valued one and a half million to thirty million dollars since 2019. No set-aside was specified for this foreign-owned, for-profit manufacturer.
Quick answers
Who was awarded contract 2031JG20F71048?
2031JG20F71048 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on July 1, 2020.
How much is contract 2031JG20F71048 worth?
The government has obligated $30,146,994 on 2031JG20F71048.
Is contract 2031JG20F71048 an order under another contract?
Yes. 2031JG20F71048 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG20F71048 competed?
The extent of competition for 2031JG20F71048 was full and open competition. The government received 2 offers.
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