Truth in Negotiations Act

URI: https://gptkb.org/entity/Truth_in_Negotiations_Act

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:alsoKnownAs	gptkb:TINA
gptkbp:amendedBy	gptkb:Federal_Acquisition_Streamlining_Act_of_1994
gptkbp:appliesTo	U.S. government contracts prime contracts and subcontracts
gptkbp:codifiedIn	10 U.S.C. § 2306a
gptkbp:dateEnacted	1962
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:enforcedBy	gptkb:Defense_Contract_Audit_Agency gptkb:U.S._Department_of_Defense
gptkbp:excludes	adequate price competition commercial items contracts below threshold value
https://www.w3.org/2000/01/rdf-schema#label	Truth in Negotiations Act
gptkbp:penalty	contractor liability for defective pricing price adjustment
gptkbp:purpose	to require contractors to submit cost or pricing data for certain government contracts
gptkbp:relatedTo	gptkb:Federal_Acquisition_Regulation Cost Accounting Standards
gptkbp:requires	submission of certified cost or pricing data
gptkbp:threshold	$2 million (as of 2024)
gptkbp:bfsParent	gptkb:Government_procurement_in_the_United_States gptkb:Government_contracts_in_the_United_States
gptkbp:bfsLayer	7