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Banco do Brasil has signed a multiyear agreement with Correios for postal services domestically and internationally. The contract covers conventional, special, and telematics offerings. It is a five-year deal reached independently under internal rules. The bank says there was no third-party bidding because competition is impractical, as Correios holds the monopoly for most services and accounts for nearly all of the bank’s mailing costs. For services outside the monopoly in remote areas, there are few providers with nationwide reach, and tariffs are regulated or standard, leaving little room for negotiation. The contract is an adhesion agreement that applies to all clients, and the bank will follow the same terms without special treatment.
- Bank signs a five-year contract with Correios for postal services nationwide and internationally.
- The deal was decided independently under BB rules and authority levels.
- Most of BB’s postage costs go through Correios, so outside bidding wasn’t needed.
- For services outside the monopoly, remote areas have no other providers with national reach and prices are fixed or regulated.
- The contract is an adhesion contract and applies to all clients equally, with no special treatment.
BB signs BRL 2.307 billion postal services contract with Correios
Contract scope and duration
The Bank of Brazil, known as BB, has finalized a five-year deal with Correios to supply postal services. The agreement covers conventional, special, and telematics offerings for operations across both national and international venues. Officials say the decision was made independently, following internal rules and approvals.
Competition and pricing considerations
BB explains that there was no formal price-taking process with external suppliers due to limited competition in the sector. A large portion of the required services falls under the postal monopoly held by Correios, accounting for roughly 97.84% of the bank’s postage expenses. In BB’s view, this concentration makes competitive bidding impractical.
Non-monopoly services and pricing structure
For services not covered by the monopoly, particularly in remote or hard-to-reach areas, there are few providers with national reach and the necessary operational capacity to match Correios. Prices in these areas are determined by regulated tariffs or a standardized commercial policy, with little to no room for individualized negotiation.
Frequently asked questions
- What does the BB-Correios contract cover?
It covers conventional, special, and telematic postal services. It runs nationwide and internationally for five years, worth BRL 2.307 billion.
- How long is the contract with Correios?
It lasts five years.
- Why wasn’t there a bidding process with third parties?
Most BB postal needs fall under Correios’ postal monopoly, about 97.84% of BB’s postage. Competition isn’t feasible. Tariffs are regulated or standardized and not negotiable.
- Are Correios’ tariffs negotiable?
No. Tariffs are set by regulation or standard policy and can’t be negotiated individually.
- Is the contract the same for all BB clients?
Yes. It is an adhesion contract applied equally to all clients, with no special BB treatment.