(1) Contracting officers must purchase supplies and services from responsible sources at fair and reasonable prices. The Truth in Negotiations Act (TINA) (10 U.S.C. ... This includes commercial sales data of items sold in similar quantities and, if such data is insufficient, cost data to support the proposed price.
Who does Tina apply to?
The Truth in Negotiations Act, or “TINA,” requires contractors who are negotiating certain government contracts – e.g., sole source contracts where there is no established “market price” for the good or service — to submit cost and pricing data to the Government that is truthful, accurate, and complete.
What are the exceptions to Tina?
- if there’s adequate price competition and the government knows the price is fair,
- prices are set by law or regulation, or.
- the item the government is seeking is a commercial item.
Are small businesses subject to Tina?
Answer: No, the contract is below the TINA threshold . Example 02: On Feb 01, 2018, a small business is awarded a three year contract. ... Answer: No, CAS applicability applies once when the contract/subcontract is awarded.
What is the TINA threshold for 2020?
The Truth in Negotiation Act (TINA) currently requires offerors to certify that accurate, current, and complete cost or pricing data was disclosed to the government for negotiated procurements valued at $750,000 or more.
What is Tina called now?
Blog BuildSmart. Effective July 1, 2018, the threshold under the Truthful Cost or Pricing Data Act (still commonly referred to by its former name, the Truth in Negotiations Act (or TINA)) for contractors to submit to the government certified “cost or pricing data” increases significantly from $750,000 to $2 million.
What is the dollar threshold for Tina?
Currently, the Truth in Negotiations Act (“TINA”) threshold is set at $750,000 . However, Section 811 of the fiscal year 2018 NDAA includes a provision that increases the threshold up to $2,000,000.
How do I know if my contract is subject to Tina?
You can determine whether TINA applies by looking for the contract clauses at FAR 52.215-10, 11, 12, or 13. The absence of one or more of these four clauses doesn’t necessarily mean the contract is not subject to TINA however.
What triggers CAS coverage?
Full CAS-coverage applies to contractor business units that receive either a single CAS-covered award of at least $50 million or at least $50 million in net CAS-covered awards during the preceding cost accounting period where one of those awards must be a “trigger” award of at least $7.5 million.
Who is exempt from CAS?
Contracts awarded to small businesses are exempt from CAS, regardless of contract size. Any contract less than US$750,000 is always exempt. Any contract less than US$7.5 million is exempt, provided the company has not been awarded a contract greater than US$7.5 million in the past.
What is the TINA threshold for subcontractors?
Effective July 1, 2018, the threshold under the Truthful Cost or Pricing Data Act (still commonly referred to by its former name, the Truth in Negotiations Act (or TINA)) for contractors to submit to the government certified “cost or pricing data” increases significantly from $750,000 to $2 million .
What is the simplified acquisition threshold 2021?
Purpose: This Recipient/Applicant Information Notice (RAIN) informs recipients and applicants that the general Micro-Purchase threshold for EPA assistance agreements has been increased from $3500 to $10,000 and that the Simplified Acquisition Threshold has been increased from $150,000 to $250,000 .
What is a Tina sweep?
“TINA” Sweep Policy Change. The “Sweep”, as a creation of the 1980’s designed to reduce the incidences of defective pricing found in non-compliance with the Truth in Negotiations Act (or TINA), adds significantly to the Procurement Acquisition Lead Time (PALT).
What is Tina short for?
Tina is a female given name. It is diminutive for names such as Albertina, Bettina, Christina, Christine, Kristina , Martina, Valentina, Faustina, etc. Its masculine counterpart is Tino.
What does Tina stand for?
TINA is an acronym for the phrase, “ there is no alternative “. It was first coined in the 19th century, and later used as part of neoliberal ideology in the late 20th century. The phrase is used to explain the existence of sub-optimal decisions.
What does Tina mean in slang?
The party drug, crystal meth, also known in the gay community as “Tina” (abbreviation of Christina) has become popular in this community.
