A double whammy has hit the U.S. Postal Service. At the close of business on August 1, 2012, the Postal Service failed to make a $5.5 billion payment owed the U.S. Treasury. And on September 30, 2012, the Postal Service defaulted on another $5.6 billion payment. Will this $11.1 billion default impact postal contractors? No it won’t, according to the agency. But it certainly won’t help those who are doing business with the Postal Service.
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What every Postal Service contractor should know
Posted on
Posted in Postal Service Contracting
Doing business with the U.S. Postal Service has always been different from contracting with other federal agencies and commercial entities. As a starting point, the Postal Service is exempt from most federal procurement laws and regulations. such as the Federal Acquisition Regulation (FAR) and the Competition in Contracting Act (CICA). The Postal Service has its own special purchasing policies called the Supplying Principles and Practices. On top of these differences, the Postal Service is on the brink of insolvency. To help contractors understand and succeed within this special environment, our firm is presenting a full-day seminar on October 21, 2011 in Chicago on “What Every Postal Service Contractor Should Know.”
The Contractor’s Guide to Surviving a Government Shutdown, Part II
By Steven A. Neeley on
Once again, the government stands on the precipice of a shutdown. As the clock counts down—the deadline for a budget or another continuing resolution is midnight on Friday, April 8, 2011—agencies have started preparing for the consequences. Contractors should be prepared as well.