Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG24F71099
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,471,759
Award facts
- Contract value 100% obligated
- $7,471,759.04 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 | -$25,319 | |
| Original award | $7,497,078 |
About this award
This firm fixed-price delivery order contract was awarded by the United States Mint, a civilian agency of the U.S. government, to PMX Industries, Inc., a foreign-owned, for-profit manufacturer. The $7,471,759.04 contract requires PMX Industries to provide base metals strip for the Mint's production of circulating coinage, including quarters, dimes, nickels, and pennies. This order is the latest in a series of over 30 prime contracts awarded to PMX Industries by the Mint since 2019, ranging from $1.5 million to over $30 million, highlighting the company's critical role as the sole supplier of these essential raw materials. Additionally, in February 2023, PMX Industries was awarded a $2.3 billion indefinite delivery vehicle (IDV) contract by the Mint, with multiple firm fixed-price task orders issued to date. This long-term partnership ensures the Mint's continued access to the base metals necessary for minting U.S. circulating currency. The contract does not have a set-aside designation, reflecting PMX Industries' unique position in the market.
Quick answers
Who was awarded contract 2031JG24F71099?
2031JG24F71099 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on May 1, 2024.
How much is contract 2031JG24F71099 worth?
The government has obligated $7,471,759 on 2031JG24F71099.
Is contract 2031JG24F71099 an order under another contract?
Yes. 2031JG24F71099 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG24F71099 competed?
The extent of competition for 2031JG24F71099 was full and open competition. The government received 2 offers.
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