Effective November 22, 2007, Handbook F-66, General Investment Policies and Procedures, is revised to update Exhibit 1.1, Projects Requiring a Justification of Expenditure (JOE). The revised exhibit changes the field investment policy regarding JOEs.
Handbook F-66, General Investment Policies and Procedures
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1 Introduction
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Exhibit 1.1 Projects Requiring a Justification of Expenditure (JOE)
[Revise exhibit 1.1 to read as follows:]
Project Type
|
Size of Project
|
Expense Equipment and Non-routine Service Contracts1
|
Over $25,000 (no upper limit)
|
Capital Equipment
|
$25,000 to $100,000
|
Research & Development Projects
|
$25,000 to $100,000
|
Material Handling2
|
All projects up to $100,000
|
Repairs/Alterations
|
$25,000 to $1 million
|
New Lease of Existing Facility/Non-Fixed Price Renewal Options/Land Leases/Alternate Quarters3
|
$25,000 annual rent to $500,000 annual rent/not to exceed $5.0 million total lease cost4
|
Other Facility Projects4
|
$25,000 to $500,000
|
Postal Support
|
Less than $ 5 million
|
Notes:
|
Other facility projects include the purchase of existing buildings and building expansions. Note that all new space projects (whether leased or owned) must be documented with a Facility Field Decision Analysis Report for projects under $5 million. If the project cost exceeds $5 million, a Major Facility Decision Analysis Report that follows the Handbook F-66A format is required. The approval document for a new lease of an existing facility up to $25,000 is still eBuy. Whenever possible, retention of an existing facility is supported to sustain the operation.
For a more detailed discussion of JOEs, including samples in the recommended format, refer to Handbook F–66C.
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We will incorporate these revisions into the next printed edition of Handbook F-66 and into the next online update available on the Postal Service™ PolicyNet Web site:
(The direct URL for the Postal Service™ PolicyNet Web site is http://blue.usps.gov/cpim.)
— Capital and Program Evaluation,
Finance, 11-22-07