Show Me the Money

Benjamins, dough, cabbage, coin, greenbacks. Most of us could rattle off a dozen or more slang words that mean money. But we might be unsure what certain financial terms -- operating income, liquidity -- mean. When you follow the U.S. Postal Service, this might put you at a disadvantage, especially when it’s quarterly financial statement time.

 

Maximizing Performance-Based Contracting

Performance-based contracting lets government agencies acquire services using contracts that define what is to be achieved, not necessarily how the work is done. The idea is that contractors have the freedom to define how they will achieve the objectives, which allows them to use innovative approaches. The government benefits by receiving best-value products and services.

 

The Long and the Short of It

Some have argued that the U.S. Postal Service should be allowed to raise prices in order to increase revenue and ensure that the sales of their products cover their costs. Others have argued that the current costing system may overstate the cost of some products, as it assumes the Postal Service is able to adjust its capacity, such as quickly closing a facility or eliminating a tour, to match the decline in mail volume.

 

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How many packages would you say you’ve returned in the past year?

Recent Comments

  • 1 day 1 hour ago
    I sent a money order, on the second day. I am scared that they may take the money order but say they received my package. can I get proof of delivery by signature?
  • 1 day 17 hours ago
    A few years ago I had a tracked parcel that was lost and insured and it was never found nor did I get reimbursed on the insurance and the lost package was an expensive briefcase with items totaling...

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