The Defence Contracts Act 1958 provided the UK government with enhanced powers to regulate and scrutinise contracts related to defence procurement. Its primary aim was to ensure value for money and accountability in defence expenditure, preventing excessive profits by contractors. The Act allowed for the assessment and auditing of defence contracts by the Ministry of Defence, including the review of contractor profits and costs. Its introduction came in response to concerns about overcharging and inefficiency in the defence industry, thereby promoting transparency and fairness in government contracts pertaining to national security.
LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.
TAKE A FREE TRIALThe Defence Contracts Act 1958 provided the UK government with enhanced powers to regulate and scrutinise contracts related to defence procurement. Its primary aim was to ensure value for money and accountability in defence expenditure, preventing excessive profits by contractors. The Act allowed for the assessment and auditing of defence contracts by the Ministry of Defence, including the review of contractor profits and costs. Its introduction came in response to concerns about overcharging and inefficiency in the defence industry, thereby promoting transparency and fairness in government contracts pertaining to national security.
LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.
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