Provide strip and metal for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG21F71055
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $18,512,662
Award facts
- Contract value 100% obligated
- $18,512,662.24 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 | -$0 | |
| Funding Only Action | -$1,880 | |
| Funding Only Action | -$17,856 | |
| Other Administrative Action | -$1,339 | |
| Original award | $18,533,737 |
About this award
This delivery order from the Department of the Treasury's United States Mint awards PMX Industries Inc., a subsidiary of Poongsan Corporation, a $18.5 million firm fixed price contract 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 raw materials used at its Cedar Rapids, Iowa facility to manufacture circulating quarters, dimes, nickels and pennies under the delivery order. No set-aside designation was specified for PMX as the foreign owned, for-profit manufacturer. Additionally, PMX was previously awarded a $2.3 billion indefinite delivery contract from February 2023 to September 2032 to supply base metals strip for circulating coin production over a 10 year period, against which the Mint has issued over 15 delivery orders to PMX ranging from $250,000 to $19.9 million.
Quick answers
Who was awarded contract 2031JG21F71055?
2031JG21F71055 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on January 4, 2021.
How much is contract 2031JG21F71055 worth?
The government has obligated $18,512,662 on 2031JG21F71055.
Is contract 2031JG21F71055 an order under another contract?
Yes. 2031JG21F71055 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG21F71055 competed?
The extent of competition for 2031JG21F71055 was full and open competition. The government received 2 offers.
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