Treasury's Mint Awards $2.8M Contract for Plastics Tubes, Caps, and Containers to Selmax Corp
Contract Overview
Contract Amount: $2,803,328 ($2.8M)
Contractor: Selmax Corp.
Awarding Agency: Department of the Treasury
Start Date: 2024-07-25
End Date: 2026-09-30
Contract Duration: 797 days
Daily Burn Rate: $3.5K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PLASTICS TUBES, CAPS, AND CONTAINERS.
Place of Performance
Location: SELINSGROVE, SNYDER County, PENNSYLVANIA, 17870
Plain-Language Summary
Department of the Treasury obligated $2.8 million to SELMAX CORP. for work described as: PLASTICS TUBES, CAPS, AND CONTAINERS. Key points: 1. Contract Value: $2.8 million over approximately 2.6 years. 2. Competition: Awarded under full and open competition. 3. Risk: Low risk identified due to standard product type. 4. Sector: Manufacturing (Plastics Product Manufacturing).
Value Assessment
Rating: good
The contract value appears reasonable for the specified duration and product type. Benchmarking against similar contracts for standard plastic containers would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a competitive bidding process that likely resulted in fair market pricing.
Taxpayer Impact: Taxpayer funds are being used efficiently through a competitive procurement process for essential supplies.
Public Impact
Ensures the United States Mint has necessary packaging for its products. Supports a manufacturing company, Selmax Corp., contributing to the economy. Standardized product procurement minimizes unique manufacturing challenges and costs.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for price increases if raw material costs fluctuate significantly.
- Dependence on a single supplier for this specific contract period.
Positive Signals
- Awarded via full and open competition.
- Firm fixed price contract provides cost certainty.
- Standardized product reduces complexity and potential for issues.
Sector Analysis
This contract falls within the 'All Other Plastics Product Manufacturing' sector. Spending in this sector is generally driven by demand for packaging, consumer goods, and industrial components. Benchmarks for similar plastic container contracts would typically consider volume, material, and complexity.
Small Business Impact
The data indicates that Selmax Corp. is the awardee, and there is no specific indication of small business participation or set-aside in this award. Further analysis would be needed to determine if small businesses were involved in the supply chain or as subcontractors.
Oversight & Accountability
The Department of the Treasury's United States Mint is responsible for oversight. Standard procurement regulations and contract management practices should ensure accountability and proper execution of this delivery order.
Related Government Programs
- All Other Plastics Product Manufacturing
- Department of the Treasury Contracting
- United States Mint Programs
Risk Flags
- Awarded via full and open competition.
- Firm fixed price contract.
- Standardized product type.
- Reasonable contract value relative to duration.
Tags
all-other-plastics-product-manufacturing, department-of-the-treasury, pa, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $2.8 million to SELMAX CORP.. PLASTICS TUBES, CAPS, AND CONTAINERS.
Who is the contractor on this award?
The obligated recipient is SELMAX CORP..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (United States Mint).
What is the total obligated amount?
The obligated amount is $2.8 million.
What is the period of performance?
Start: 2024-07-25. End: 2026-09-30.
What is the typical unit cost for similar plastic tubes, caps, and containers in the federal market?
Determining the precise unit cost benchmark requires access to detailed contract databases and specific product specifications. However, for standard, non-specialized plastic containers procured through full and open competition, unit costs are generally expected to be competitive and reflect market rates. Factors like volume, material type, and design complexity significantly influence per-unit pricing.
What are the primary risks associated with procuring standard plastic packaging products?
The primary risks for standard plastic packaging include potential fluctuations in raw material costs (like resins), supply chain disruptions affecting delivery timelines, and quality control issues if manufacturing standards are not rigorously maintained. However, with a firm fixed-price contract awarded through full and open competition, many of these risks are mitigated by competitive pricing and clear contractual terms.
How does this contract contribute to the overall effectiveness of the United States Mint's operations?
This contract is crucial for the operational effectiveness of the United States Mint by ensuring a reliable supply of essential packaging materials. Proper packaging protects coinage and other products during storage and transit, maintaining their quality and value. The timely and cost-effective procurement of these items directly supports the Mint's mission to produce and distribute U.S. currency and related items.
Industry Classification
NAICS: Manufacturing › Plastics Product Manufacturing › All Other Plastics Product Manufacturing
Product/Service Code: NONMETALLIC FABRICATED MATERIALS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 599 S HIGH ST, SELINSGROVE, PA, 17870
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $2,803,328
Exercised Options: $2,803,328
Current Obligation: $2,803,328
Actual Outlays: $2,143,172
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 2031JG21D00001
IDV Type: IDC
Timeline
Start Date: 2024-07-25
Current End Date: 2026-09-30
Potential End Date: 2026-09-30 00:00:00
Last Modified: 2026-03-04
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