Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG24F71101
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,610,705
Award facts
- Contract value 100% obligated
- $7,610,705.47 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 | -$35,475 | |
| Original award | $7,646,181 |
About this award
The U.S. Mint awarded a Firm Fixed Price Delivery Order to PMX Industries, Inc., a foreign-owned manufacturer, to provide base metals strip for the production of circulating coinage, including quarters, dimes, nickels, and pennies. The contract, valued at $7,610,705.47, has an ultimate completion date of August 5, 2024. PMX Industries is the sole supplier of these critical materials to the U.S. Mint and has been awarded over 30 prime federal contracts since 2019, with individual values ranging from $1.5 million to over $30 million. Additionally, in February 2023, the U.S. Mint awarded PMX Industries an Indefinite Delivery Contract (IDV) valued at up to $2.3 billion over 10 years, further solidifying the company's role as the key provider of base metals strip for U.S. circulating coinage production. This contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG24F71101?
2031JG24F71101 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on July 1, 2024.
How much is contract 2031JG24F71101 worth?
The government has obligated $7,610,705 on 2031JG24F71101.
Is contract 2031JG24F71101 an order under another contract?
Yes. 2031JG24F71101 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG24F71101 competed?
The extent of competition for 2031JG24F71101 was full and open competition. The government received 2 offers.
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