Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG24F71102
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,034,210
Award facts
- Contract value 100% obligated
- $7,034,209.80 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 | -$118,848 | |
| Original award | $7,153,058 |
About this award
This is a federal contract award by the United States Mint, a civilian agency, to PMX Industries, Inc., a foreign-owned, for-profit manufacturer, to provide base metals strip for circulating coinage production. The contract, valued at up to $7,034,209.80, is a firm fixed price delivery order with a performance period ending on September 5, 2024. PMX Industries, a subsidiary of South Korean company Poongsan Corporation, operates a facility in Cedar Rapids, Iowa where it manufactures the metal components necessary for the U.S. Mint's coin production programs. This contract is not set aside for any specific business type. The award is also associated with a larger $2.3 billion indefinite delivery contract (IDC) between the U.S. Mint and PMX Industries, which facilitates the ongoing procurement of base metals strip for circulating coinage over a 10-year period ending in September 2032.
Quick answers
Who was awarded contract 2031JG24F71102?
2031JG24F71102 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on August 1, 2024.
How much is contract 2031JG24F71102 worth?
The government has obligated $7,034,210 on 2031JG24F71102.
Is contract 2031JG24F71102 an order under another contract?
Yes. 2031JG24F71102 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG24F71102 competed?
The extent of competition for 2031JG24F71102 was full and open competition. The government received 2 offers.
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