Exhibit 328

Public Law 87-653 (76 Stat. 528)

Exhibit 328 · Statute

Public Law 87-653 (76 Stat. 528)

Prior to the award of any negotiated prime contract under this title where the price is expected to exceed $100,000;

Added the requirement that contractors submit and certify cost or pricing data for negotiated prime contracts expected to exceed $100,000; later codified and renamed the Truthful Cost or Pricing Data statute.

Source: United States Congress
Date: 10 September 1962
Quoted from: 76 Stat. 528, new section 2306(f)(1)
Grade: Primary record
Document: https://www.govinfo.gov/content/pkg/STATUTE-76/pdf/STATUTE-76-Pg528.pdf
Accessed: 2026-11-09
Cited by: Findings citing this exhibit

Cited by

Finding DEF-1.4: Primary record Congress required contractors to submit and certify cost or pricing data for negotiated prime contracts expected to exceed $100,000 in 1962. Section 811 of the FY2018 National Defense Authorization Act raised the threshold for contracts awarded on or after 1 July 2018. GAO gives the new figure as $2 million, and the current FAR provision states $2.5 million. GAO reported in 2022 that DoD and NASA had not formally analyzed the effect of the increase.