TINA

The Truth in Negotiations Act requires contractors to submit certified cost or pricing data for negotiated contracts above certain thresholds when price is not based on adequate competition or established catalog prices. TINA helps ensure the government pays fair prices by requiring disclosure of all relevant cost data.

Contractors must certify that cost or pricing data is accurate, complete, and current as of the certification date. Defective pricing (submitting inaccurate data) can result in price adjustments, interest, and penalties. TINA exceptions apply to commercial items, adequate price competition, and prices set by law or regulation.