Provide base metal and strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 0068
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $6,554,123
Award facts
- Contract value 100% obligated
- $6,554,122.97 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- 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 |
|---|---|---|
| Other Administrative Action | -$25,573 | |
| Original award | $6,579,696 |
About this award
This federal contract award TMHQ13C0002|0068 was issued by the United States Mint, a civilian agency within the Department of the Treasury, to PMX Industries, Inc., a foreign-owned, for-profit manufacturing company. The contract is for the provision of base metal and strip to be used in the production of circulating coinage, such as quarters, dimes, nickels, and pennies.
The contract is a firm fixed-price delivery order placed under the Base Metal and Strip for Circulating Coinage 2012-2017 indefinite delivery vehicle (IDV), which allows the United States Mint to procure these essential raw materials through individual task orders. The current contract has a ceiling value of $6,554,122.97 and was awarded on November 2, 2016, with a completion date of December 2, 2016. The contract does not have a set-aside designation.
PMX Industries, Inc. has established itself as the sole provider of base metal strip and raw materials used in U.S. coin production, positioning the company as a strategically important vendor in the currency supply chain. The company has been awarded over 30 prime federal contract delivery orders since 2019, with values ranging from $1.5 million to over $30 million. In February 2023, PMX Industries was awarded a significant $2.3 billion multiple-award IDV contract, which will run through September 2032 and ensure a reliable supply of raw materials for the nation's currency system.
Quick answers
Who was awarded contract 0068?
0068 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on November 2, 2016.
How much is contract 0068 worth?
The government has obligated $6,554,123 on 0068.
Is contract 0068 an order under another contract?
Yes. 0068 is a delivery order under TMHQ13C0002, an indefinite delivery contract, on Base Metal and Strip for Circulating Coinage 2012-2017.
Was contract 0068 competed?
The extent of competition for 0068 was full and open competition. The government received 2 offers.
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