TINA (Truth in Negotiations Act)

The Truth in Negotiations Act (TINA) is a U.S. law that requires contractors to provide accurate and complete cost data when negotiating contracts with the federal government. It aims to ensure transparency and fairness in negotiations, preventing unfair advantages. If a contractor provides misleading information, the government can seek remedies, such as reducing payment or canceling the contract. TINA is essential for maintaining accountability in federal spending and ensuring that taxpayers receive fair value for their money.