Provide strip and metal for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG21F71059
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $13,584,472
Award facts
- Contract value 100% obligated
- $13,584,471.68 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 | -$6,411 | |
| Supplemental Agreement for work within scope | $1,409,364 | |
| Supplemental Agreement for work within scope | $234,894 | |
| Other Administrative Action | -$702,896 | |
| Original award | $12,649,521 |
About this award
The Department of the Treasury United States Mint awarded a $13.6 million firm fixed price delivery order contract to PMX Industries Inc. to provide strip and metal for circulating coinage. PMX Industries, a subsidiary of South Korean parent company Poongsan Corporation, will deliver the coinage materials from its Cedar Rapids, Iowa facility. The contract supports the Mint's production of circulating coins from April 1 to May 5, 2021. No set aside designation or subcontractors were identified. As the sole manufacturer of circulating coinage for the United States, the Mint relies on contractors like PMX Industries to supply raw materials critical to its mission of manufacturing and distributing coins to meet public demand.
Quick answers
Who was awarded contract 2031JG21F71059?
2031JG21F71059 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on April 1, 2021.
How much is contract 2031JG21F71059 worth?
The government has obligated $13,584,472 on 2031JG21F71059.
Is contract 2031JG21F71059 an order under another contract?
Yes. 2031JG21F71059 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG21F71059 competed?
The extent of competition for 2031JG21F71059 was full and open competition. The government received 2 offers.
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