Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG24F71100
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,616,886
Award facts
- Contract value 100% obligated
- $7,616,886.00 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 | -$36,336 | |
| Funding Only Action | -$23,573 | |
| Original award | $7,676,796 |
About this award
This is a firm fixed-price delivery order contract awarded by the United States Mint to PMX Industries, Inc., a foreign-owned manufacturing company based in Cedar Rapids, Iowa. The contract, valued at $7,616,886.00, is for the provision of base metals strip used in the production of circulating coinage, such as quarters, dimes, nickels, and pennies. The contract has an ultimate completion date of July 5, 2024, and is not set aside for any specific business category.
PMX Industries has been a critical supplier of these essential raw materials to the United States Mint, receiving over 30 prime federal contract delivery orders since 2019. In February 2023, the company was also awarded a $2.3 billion multiple-award indefinite delivery contract (IDV) that will allow the Mint to procure base metals strip for circulating coinage production through individual task orders over a 10-year period. This long-term contract reinforces PMX Industries' strategic role in maintaining the United States' coin production and currency system.
Quick answers
Who was awarded contract 2031JG24F71100?
2031JG24F71100 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on June 5, 2024.
How much is contract 2031JG24F71100 worth?
The government has obligated $7,616,886 on 2031JG24F71100.
Is contract 2031JG24F71100 an order under another contract?
Yes. 2031JG24F71100 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG24F71100 competed?
The extent of competition for 2031JG24F71100 was full and open competition. The government received 2 offers.
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