Contract Fraud

 

The Postal Service manages billions of dollars in contracts, ranging from multi-million dollar national contracts for services such as transportation networks and IT infrastructures, to local contracts at individual postal facilities. The sheer volume of contracts and the huge dollar value provide opportunities for contractors and employees to defraud the Postal Service.

Introduction to Contract Fraud – False Claims and Statements

Contract fraud is a big problem for the federal government and quite possibly for the U.S. Postal Service, which currently manages over 20,000 contracts worth $29 billion. Conservative business estimates project up to 5 percent of contracted dollars are lost to fraud, meaning $1.45 billion of Postal Service funds are potentially at risk.

 

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