1602-Truth In Negotiations Act (TINA)

Question 1

What is the Truth In Negotiations Act (TINA)?

Answer 1

It is a Public Law that was enacted in 1962 to place the Government on equal footing with the contractor with respect to negotiating contracts and modifications

Requires contractors to give the Government “cost and pricing data” as a “surrogate” In the absence of normal market forces (competition) to determine fair and reasonable prices

Question 2

What is Adequate Price Competition?

Answer 2

Two or more responsible offers, competing independently, submit priced offers that satisfy the Government’s requirement, or:

There was a reasonable expectation, based on market research that two or more offers, competing independently, would submit priced orders

Question 3

What does TINA do?

Answer 3

Requires contractors to submit cost or pricing data under certain circumstances

Question 4

What is cost and pricing data?

Answer 4

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