Organization Information

Finance

Interest Rate on Contract Claims

In the Postal Bulletin, the Postal Service™ periodically publishes 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 six-month period beginning July 1, 2013, and ending December 31, 2013, is 1-3/4 percent.