Provide strip and metal for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG22F71071
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4 Part of Poongsan Corporation
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $19,038,405
Award facts
- Contract value 100% obligated
- $19,038,405.18 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 | -$650 | |
| Funding Only Action | -$3,803 | |
| Supplemental Agreement for work within scope | $2,265,725 | |
| Supplemental Agreement for work within scope | $523,494 | |
| Other Administrative Action | -$15,833,375 | |
| Original award | $32,087,014 |
About this award
This delivery order awards PMX Industries Inc., a subsidiary of Poongsan Corporation, a $19,038,405.18 firm fixed price contract to provide strip and metal for circulating coinage to the Department of the Treasury's United States Mint. Performance will occur at PMX's Cedar Rapids, Iowa facility. No set-aside designation was specified for this foreign owned, for-profit manufacturer. This supports the Mint's mission of producing circulating quarters, dimes, nickels and pennies through furnishing the base metal strip and raw materials. In February 2023, PMX was awarded a multiple award indefinite delivery contract worth up to $2.3 billion over 10 years, under which this delivery order was issued, to be the sole supplier of circulating coinage strip and metal through 2032.
Quick answers
Who was awarded contract 2031JG22F71071?
2031JG22F71071 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on February 9, 2022.
How much is contract 2031JG22F71071 worth?
The government has obligated $19,038,405 on 2031JG22F71071.
Is contract 2031JG22F71071 an order under another contract?
Yes. 2031JG22F71071 is a delivery order under 2031JG18D00002, an indefinite delivery contract.
Was contract 2031JG22F71071 competed?
The extent of competition for 2031JG22F71071 was full and open competition. The government received 2 offers.
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