Base Metal and Strip for Circulating Coinage 2012-2017

Award Date 10/1/2012
Last Date To Order 9/30/2017
Shared Ceiling $990M
Federal Agency
United States Mint
Contract Type
Master IDIQ
Predecessor
Not listed
Successors

The United States Mint (USM) Base Metal and Strip for Circulating Coinage 2012-2017 Master Indefinite Delivery/Indefinite Quantity (IDIQ) contract provides raw metal materials for the production of circulating coinage in the United States. The contract enables the procurement of base metal strip and coils used to manufacture pennies, nickels, dimes, and quarters at multiple U.S. Mint facilities. Specifically, the contract covers three primary alloy configurations: cupro-nickel, cupro-nickel clad, and golden dollar clad, with a shared contract ceiling of $990,000,000.

The task orders under this IDIQ were predominantly awarded to two prime contractors: PMX Industries, Inc. (a subsidiary of Poongsan Corporation) and Wieland Rolled Products North America, LLC (doing business as Olin Brass). Typical delivery order values ranged from approximately $100,000 to over $24,000,000, with performance periods typically spanning one month. The contract did not utilize small business set-aside designations, and task orders were issued for base metal strip procurement, occasional alternative metal testing, fuel surcharges, and incentive payments. Delivery orders were consistently structured as firm fixed-price contracts, with performance locations including Mint facilities in Philadelphia, Pennsylvania; Denver, Colorado; and production facilities in Cedar Rapids, Iowa, and other locations operated by the prime contractors.

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