USPS Botched Reviews Of $210M In Contracts, Audit Says

Law360, New York (September 26, 2013, 3:45 PM EDT) -- The United States Postal Service didn't properly assess or document prices for a portion of the $1.3 billion awarded in noncompetitive contracts in the past two years, resulting in at least $210 million in unsupported costs, the USPS Office of Inspector General said Wednesday.

An audit by the OIG shows that USPS contracting officers failed to conduct sufficient cost and price analyses to justify awarding contracts without competition. For 21 of 56 — or 38 percent — noncompetitive purchases valued at $37 million, officers didn't provide...
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