Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG23F71090
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $16,496,635
Award facts
- Contract value 100% obligated
- $16,496,635.48 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 | -$7,029 | |
| Original award | $16,503,665 |
About this award
The Department of the Treasury's United States Mint awarded a firm fixed-price delivery order contract to PMX Industries, Inc., a manufacturer of metal products and subsidiary of South Korean company Poongsan Corporation. The $16,496,635.48 contract is for the provision of base metals strip to be used in the production of circulating coinage, such as quarters, dimes, nickels, and pennies. PMX Industries, Inc. has received over 30 similar federal contract awards from the Mint since 2019 to supply raw metal materials for coin manufacturing. In February 2023, the Mint also awarded PMX Industries, Inc. a $2.3 billion indefinite delivery contract for base metals strip to support circulating coinage production through 2032. This contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG23F71090?
2031JG23F71090 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on August 1, 2023.
How much is contract 2031JG23F71090 worth?
The government has obligated $16,496,635 on 2031JG23F71090.
Is contract 2031JG23F71090 an order under another contract?
Yes. 2031JG23F71090 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG23F71090 competed?
The extent of competition for 2031JG23F71090 was full and open competition. The government received 2 offers.
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