Provide base metal and strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 0080
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,930,053
Award facts
- Contract value 100% obligated
- $7,930,053.44 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 |
|---|---|---|
| Funding Only Action | -$22,061 | |
| Funding Only Action | -$30,609 | |
| Original award | $7,982,723 |
About this award
The Department of the Treasury's United States Mint awarded a Firm Fixed Price delivery order contract to PMX Industries, Inc., a subsidiary of South Korean company Poongsan Corporation, to provide base metals and strip for circulating coinage. The $7,930,053.44 award has a completion date of August 31, 2017 and is a delivery order off the Base Metal and Strip for Circulating Coinage 2012-2017 Indefinite Delivery Vehicle (IDV). PMX Industries has been the sole supplier of raw metal materials to the U.S. Mint for circulating coin production since 2019, receiving over 30 federal contract awards totaling over $2.3 billion to date. The latest IDV contract, awarded in February 2023, has a 10-year ordering period through 2032. No set-aside designations were used for these awards to the foreign-owned, for-profit manufacturer of the metals and strip needed to produce U.S. circulating coins.
Quick answers
Who was awarded contract 0080?
0080 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on August 1, 2017.
How much is contract 0080 worth?
The government has obligated $7,930,053 on 0080.
Is contract 0080 an order under another contract?
Yes. 0080 is a delivery order under TMHQ13C0002, an indefinite delivery contract, on Base Metal and Strip for Circulating Coinage 2012-2017.
Was contract 0080 competed?
The extent of competition for 0080 was full and open competition. The government received 2 offers.
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