Interest Rate on Contract Claims

The Postal Service™ periodically publishes in the Postal Bulletin the interest rate payable on a claim decided in a sup­plier’s favor, under the Contract Disputes Act of 1978. This rate also applies for late payments to suppliers under the Prompt Payment Act, as amended.

The interest rate effective for the 6-month period beginning January 1, 2012, and ending June 30, 2012, is 2 percent.

— Supply Management Infrastructure, Supply Management, 1-12-12