Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG23F71086
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $15,322,930
Award facts
- Contract value 100% obligated
- $15,322,930.12 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 | -$5,077 | |
| Original award | $15,328,007 |
About this award
This federal contract award is for the Department of the Treasury United States Mint to procure base metals strip from PMX Industries, Inc. for the production of circulating coinage. PMX Industries, Inc. is a subsidiary of South Korean company Poongsan Corporation that manufactures and supplies metal products. The contract has a potential value of $15,322,930.12 and is a firm fixed price delivery order with no set-aside designation. PMX Industries has received over 30 similar federal contract awards from 2019 to 2023 to furnish the raw metal materials used to mint circulating quarters, dimes, nickels, and pennies. 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 production over a 10 year ordering period through 2032.
Quick answers
Who was awarded contract 2031JG23F71086?
2031JG23F71086 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on June 1, 2023.
How much is contract 2031JG23F71086 worth?
The government has obligated $15,322,930 on 2031JG23F71086.
Is contract 2031JG23F71086 an order under another contract?
Yes. 2031JG23F71086 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG23F71086 competed?
The extent of competition for 2031JG23F71086 was full and open competition. The government received 2 offers.
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