Description:

The Truthful Cost or Pricing Data statute (formerly the Truth in Negotiations Act (TINA)) is intended to protect the government when an offeror’s cost is a significant factor in negotiating contract price. In the absence of some objective indication of price reasonableness (e.g., competition), the government needs a mechanism to ensure it pays a fair and reasonable price. This statute supports this need and seeks to level the negotiation playing field by placing the buyer in the same position as offeror

Intended Audience: Government Contract Managers

Level of Difficulty: Intermediate

Learning Objectives:

1. Review Truthful Cost or Pricing Data Statutes and its implications
2. Understand the applicability and exceptions of Truthful Cost or Pricing Data Statues
3. Discuss compliance best practices when working with Truthful Cost or Pricing Data Statues

CMBOK Competency:

• 3.1 - Price or Cost Analysis

Presenter:

• Janie L. Maddox, CPCM, Fellow, Lecturer, Naval Postgraduate School

Credits: 1.5 CPE/CLP

Cost: $55 member / $69 non-member