Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)
Government Contracts & Investigations
SEPTEMBER 25, 2023
3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4] 4] TINA is intended to “level the playing field” by providing Government negotiators the same cost or pricing data available to contractors.
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