Truth in Negotiations Act (TINA)
The Truth in Negotiations Act (TINA) is a federal law that requires contractors to provide the government with accurate, complete and current pricing information when negotiating contracts. TINA applies to contracts over $750,000 and is designed to prevent overpricing and fraud in government procurement. Compliance with TINA requires specialized skills in analyzing cost data, understanding market conditions, and negotiating fair prices that meet government requirements.
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