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Contracts may be terminated, consistent with the termination provisions in the contract. No contract priced at or with a potential termination liability exceeding $1 million may be terminated unless the VP, SM, has approved termination. In addition, no contract regardless of price which is considered sensitive or highly visible may be terminated unless the VP, SM, has approved termination. Lastly, if a contract termination will have a potential termination liability of $25 million or more, announcements must be made to the Disclosure Committee. See sections 2-41, Obtain Selected Reviews and Approvals, and 2-42, Postal Accountability and Enhancement Act Related Reports and Certifications.
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