Truth in Negotiations Act (TINA)

Truth in Negotiations Act (TINA)

Definition

TINA is a federal statute intended to ensure that the government and private contractors have access to the same information when entering into contracts. TINA requires private contractors to provide the government with extensive, current, accurate, and complete cost and pricing information about any and all facts relevant to contract price negotiations. Contractors who fail to make the required TINA disclosures are subject to civil, criminal, and contractual penalties.

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