Provide strip and metal for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG22F71068
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $15,138,289
Award facts
- Contract value 100% obligated
- $15,138,288.75 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 | -$94,700 | |
| Other Administrative Action | -$8,425,941 | |
| Original award | $23,658,930 |
About this award
PMX Industries Inc., a subsidiary of Poongsan Corporation, has been awarded a $15.1 million firm fixed price delivery order by the United States Mint, part of the Department of the Treasury, to provide strip and metal for circulating coinage. Under this contract, PMX will supply the Mint's Cedar Rapids, Iowa facility with the raw materials needed to manufacture circulating quarters, dimes, nickels and pennies through February 2022. No set-aside designation or subcontractors were identified. As the sole manufacturer of circulating coins in the U.S., this award supports the Mint's mission to furnish coins for commerce and provides PMX with a key customer for its metal production.
Quick answers
Who was awarded contract 2031JG22F71068?
2031JG22F71068 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on November 16, 2021.
How much is contract 2031JG22F71068 worth?
The government has obligated $15,138,289 on 2031JG22F71068.
Is contract 2031JG22F71068 an order under another contract?
Yes. 2031JG22F71068 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG22F71068 competed?
The extent of competition for 2031JG22F71068 was full and open competition. The government received 2 offers.
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