Understanding the Truthful Cost or Pricing Data Statute
This recorded presentation explores the requirements of the Truthful Cost or Pricing Data statute (formerly TINA). | Self-Paced | Webinar | Intermediate | 90 minutes | 1.5 CPE/CLP | $55 member/$69 non-member
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:
- Review Truthful Cost or Pricing Data Statutes and its implications
- Understand the applicability and exceptions of Truthful Cost or Pricing Data Statues
- 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