Truth in Negotiations Act

The Truth in Negotiations Act (TINA) is a U.S. law intended to ensure fairness in government contracting. It requires contractors to provide accurate, complete, and current cost data when negotiating contracts with the federal government. If a contractor knowingly submits false information, the government can seek refunds or adjustments. The law aims to protect taxpayer interests by ensuring that the government pays a fair price for goods and services while promoting honesty and transparency in negotiations. Essentially, it safeguards public funds from potential fraud or misrepresentation in federal contracting.