Department of the Treasury Awarded a Contract to FARASON CORPORATION for $2,923,020.00

Q: Where is FARASON CORPORATION located?

735 FOX CHASE STE 110 COATESVILLE PENNSYLVANIA UNITED STATES

Signed on

4/19/2023, 12:00 AM

FARASON CORPORATION Government Contract #2031JG23F00194

FARASON CORPORATION was awarded a contract with the United States Government for $2,923,020.00. The contract was awarded by the agency office US MINT HEADQUARTERS, which is a division with the United States Mint within the Department of the Treasury.

Summary of Award

The recipient of the federal contract is Farason Corporation, a U.S.-owned small business specializing in industrial assembly machines. The contract, awarded by the Department of the Treasury's United States Mint, is for a robotic packaging machinery project with a total obligation of $2,921,770. Notable transactions include a significant payment of $2,801,020 on the contract and subsequent transactions of $120,750 and $1,250 for additional services.

Contract Details

Contract ID2031JG23F00194

Contract TypeC

Total Obligation$2,923,020.00

Exercised Options$2,923,020.00

Base Amount + Options$2,923,020.00

Date Signed2023-04-19

Contract DescriptionSF CASE PACKER - FARASON MACHINERY

Start Date2023-04-19

End Date2027-08-27

Agency Details

Awarding AgencyDepartment of the Treasury

Awarding Sub AgencyUnited States Mint

Awarding OfficeUS MINT HEADQUARTERS

Funding AgencyDepartment of the Treasury

Funding Sub AgencyUnited States Mint

Funding OfficeUS MINT HEADQUARTERS

Recipient Details

RecipientFARASON CORPORATION

Recipient Location735 FOX CHASE STE 110 COATESVILLE PENNSYLVANIA, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00003 | $1,250.00June 23, 2025

United States Mint, a sub agency of Department of the Treasury, issued a payment of $1,250.00 to FARASON CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $0.00January 19, 2024

United States Mint, a sub agency of Department of the Treasury, issued a payment of $0.00 to FARASON CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $120,750.00October 25, 2023

United States Mint, a sub agency of Department of the Treasury, issued a payment of $120,750.00 to FARASON CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $2,801,020.00April 19, 2023

United States Mint, a sub agency of Department of the Treasury, issued a payment of $2,801,020.00 to FARASON CORPORATION. The payment included a Subsidy Cost of $0.00.