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Government Remedies to Violations of the Truth in Negotiations Act

TINA Truth in Negotiations Act requires government contractors disclose their costs and prices government when submitting costs for a project. TINA violations have five components the government must prove to penalize contractors, receive reimbursement for dishonest pricing.

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Truth in Negotiations Act and Government Contracts Cost and Pricing

TINA defines cost or pricing data to include all facts that, as of the date of agreement on price … or … another date agreed upon between the parties, a prudent buyer or seller would reasonably expect to affect price negotiations significantly.

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