Provide strip and metal for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG20F71050
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $21,838,416
Award facts
- Contract value 100% obligated
- $21,838,415.77 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 | -$192 | |
| Funding Only Action | -$14,660 | |
| Other Administrative Action | $182,317 | |
| Funding Only Action | $209,834 | |
| Original award | $21,461,117 |
About this award
This federal contract award, valued at $21,838,415.77, was issued by the United States Mint to PMX Industries, Inc., a foreign-owned, for-profit manufacturing company based in Cedar Rapids, Iowa. The contract is a delivery order for the provision of base metal strip and raw materials used in the production of circulating coinage, including quarters, dimes, nickels, and pennies. The contract is a firm fixed-price, with no set-aside designation. PMX Industries has been the sole supplier of these critical raw materials to the United States Mint, receiving over 30 prime federal contract delivery orders since 2019, ranging in value from $1.5 million to over $30 million. Additionally, in February 2023, PMX Industries was awarded a significant multiple-award indefinite delivery contract (IDV) valued at $2.3 billion, which will run through September 2032, further solidifying the company's strategic role in maintaining the United States' coin production and currency system.
Quick answers
Who was awarded contract 2031JG20F71050?
2031JG20F71050 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on September 1, 2020.
How much is contract 2031JG20F71050 worth?
The government has obligated $21,838,416 on 2031JG20F71050.
Is contract 2031JG20F71050 an order under another contract?
Yes. 2031JG20F71050 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG20F71050 competed?
The extent of competition for 2031JG20F71050 was full and open competition. The government received 2 offers.
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