Truthful Cost or Pricing Data Act


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number
Expertise Level



Overview/Description

The Truthful Cost or Pricing Data Act, formerly the Truth in Negotiations Act, and still commonly referred to by its prior acronym TINA, is designed to protect taxpayers by helping to ensure fair pricing in acquisitions by the federal government. This course will introduce the main features of TINA, discuss contractor obligations and exceptions, and outline potential consequences of violating the Act.

This course was developed with subject matter support provided by The Potomac Law Group, PLLC. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice and may or may not reflect the most current legal developments. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with legal statutes or statutory instruments. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Readers should not act upon this information without seeking independent legal advice.



Target Audience
Employees at all levels of private sector organizations that do business with the US government

Prerequisites
None

Expected Duration (hours)
0.3

Lesson Objectives

Truthful Cost or Pricing Data Act

  • Truthful Cost or Pricing Data Act
  • identify key principles of the Truthful Cost or Pricing Data Act
  • Knowledge Check: Understanding TINA
  • recognize contractor obligations under the Truthful Cost or Pricing Data Act
  • Knowledge Check: Contractor Obligations under TINA
  • recognize exceptions to the Truthful Cost or Pricing Data Act
  • Knowledge Check: Exceptions to TINA
  • identify potential consequences of violating TINA for companies and individuals
  • Knowledge Check: Consequences of Violating TINA
  • Course Number:
    lchr_01_d15_lc_enus

    Expertise Level
    Everyone