Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG23F71083
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $16,731,437
Award facts
- Contract value 100% obligated
- $16,731,436.91 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 | -$103,191 | |
| Funding Only Action | -$274,463 | |
| Other Administrative Action | $210,184 | |
| Other Administrative Action | $0 | |
| Original award | $16,898,908 |
About this award
This is a federal contract award to PMX Industries Inc., a subsidiary of South Korean company Poongsan Corporation, to provide base metals strip for the production of circulating coinage by the U.S. Department of the Treasury's United States Mint. The $16,731,436.91 firm fixed price contract was awarded on March 1, 2023, with an April 5, 2023 completion date. PMX Industries Inc. is the sole supplier of circulating coinage strip and metal to the Mint, enabling it to fulfill its mission of producing coins to meet public demand. In February 2023, PMX was also awarded a $2.3 billion indefinite delivery contract from the Mint to provide base metals strip for circulating coinage over a 10 year ordering period. This multiple award indefinite delivery vehicle utilizes task orders, of which over 15 firm fixed price delivery orders have been subsequently issued to PMX. The contract has no set-aside designation.
Quick answers
Who was awarded contract 2031JG23F71083?
2031JG23F71083 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on March 1, 2023.
How much is contract 2031JG23F71083 worth?
The government has obligated $16,731,437 on 2031JG23F71083.
Is contract 2031JG23F71083 an order under another contract?
Yes. 2031JG23F71083 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG23F71083 competed?
The extent of competition for 2031JG23F71083 was full and open competition. The government received 2 offers.
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