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Vinson Says Defense Contracts Largely Bypassing Bids
Chairman Vinson asserts the traditional free bidding system for defense contracts is largely scrapped with direct negotiation now common. He cites 2 of 36% billion dollars awarded by bid between 1953 and 1955 and warns a 10 percent reduction in negotiated contracts could balance the federal budget.
MENTIONED IN THIS ARTICLE
Washington
Vinson
D-Ga
House
Armed Services Committee
Pentagon
Rep
Hebert
D-La
Air Force
Navy
Army