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The Contract Postal Unit Bond guarantees principal will faithfully account for, deliver, and pay over to the Postal Service or authorized representative all moneys, stamps, postage value available in the postage evidencing system (postage meter), stamped paper, money order stock, mail matter, and all other property of every kind which comes into possession during performance of the contract.
The United States Postal Service administers the contracts. Therefore, the Obligee on the bond form reads as the United States Postal Service.
Contract Postal Unit contracts are valid for an indefinite period of time. CPU Bonds require an initial bond term of 3 years. After the initial 3-year term has ended the bond may be renewed annually. The initial 3-year bond premium payment is required up front. In addition, the surety bond is not cancellable during the initial 3-year term. After the expiration of the initial 3-year term the surety may cancel the bond upon 120 days written notice given to the Postal Service and the Principal.
CPU contracts are only issued when there is a demand for additional postal services in the area. In order to become a USPS Contract Postal Unit supplier, you must send your contact information, including your business name, business address, and phone number to the USPS. A representative from the USPS will then contact you to provide more information.
|Miscellaneous||USPS Contract Postal Unit Surety Bond (CPU Bond)||United States Postal Service
||$10,000 Minimum||Click Here To Get Bonded|