Executive Order No. 12954, Entitled 'Ensuring the Economical and Efficient Administration and Completion of Federal Government Contracts': Memorandum for the Attorney General [March 9, 1995] [open pdf - 42KB]
"On March 6, 1995, we issued a memorandum approving as to form and legality a proposed executive order entitled, 'Ensuring the Economical and Efficient Administration of Federal Government Contracts.' On March 8, 1995 the President signed the proposed directive, making it Executive Order No. 12954. This memorandum records the basis for our prior conclusion that the Federal Property and Administrative Services Act vests the President with authority to issue Executive Order No. 12954 in light of his finding that it will promote economy and efficiency in government procurement."
United States. Department of Justice: http://www.justice.gov/