(The below relating to more custom development rather than off-the-shelf packages)
There are a few organisations trying to get development houses to sign with them and receive their "stamp of approval". They are basically trying to introduce some form of standards into the software development industry. The law and software development is sketchy at best, in terms of liability and support. From what I have experienced, the government leaves everything up to the client and the software house, having to create their own legal agreements.
As for these new standards proposals, I can't see them taking off in a hurry, as the industry moves more towards outsourcing overseas (read - India), and as project timeframes get increasingly more ridiculous and unrealistic.
You are dead right though, there is a real lack of quality coding around at the moment, and it is really starting to show. The IT "bust" on the Nasdaq hasn't helped this either.
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