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.

DID YOU KNOW? You can call the Mail Transport Equipment Recovery hotline (866-330-3404) if you see MTE outside the postal network.