The Truth-in-Negotiations Act – An Examination of Defective Pricing in Government Contracts

Authors

Michael J. Graetz, Columbia Law SchoolFollow

Document Type

Article

Publication Date

1968

Abstract

Charges of excessive profitmaking on government contracts have issued from the Senate floor and the nation's press and have provided the impetus for recent congressional investigations and proposals for remedial legislation. Profiteering by government contractors is a problem of potentially enormous dimensions since purchases by the federal government total more than seventy-seven billion dollars – over ten per cent of the gross national product. Because the greatest part of these purchases are made by the Department of Defense, congressional action aimed at minimizing excessive profits has focused upon Defense Department procurement activities under the Armed Services Procurement Act (ASPA).

Disciplines

Constitutional Law | Contracts | International Law | Law

Comments

Copyright is owned by the Virginia Law Review Association and the article is used with the permission of the Virginia Law Review Association.

Recommended Citation

Michael J. Graetz, The Truth-in-Negotiations Act – An Examination of Defective Pricing in Government Contracts, 54 Va. L. Rev. 505 (1968).
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/387