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CLC056 Analyzing Contract Costs Lesson 2 - Offeror Information for Cost Analysis | 2022 LATEST UPDATE
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CLC056 Analyzing Contract Costs Lesson 2 - Offeror Information for Cost Analysis | 2022 LATEST UPDATE
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CLC056 Analyzing Contract CostsLesson 2 - Offer or Information for Cost Analysis RESOURCES I PR INT I HELP
Introduction
Welcome to Offeror Information for Co st
Analysis! •How do I ensure thot the
information I receive from the
You might be wondering, "How will the offeror is current, occurote,
information in this lesson help me in my job as a ond complete?"
contract specialist?"
Cost analysis involves the need for offerers to
gather, document, and submit information prior
to the close of negotia tions.
Ensuring tha t this informa tion is current,
accurate, and co mplete enables you t o
det ermine if you are getting a fair and
reasonable price for the services rendered and
product s procured.
...... I P• ge tof26 I ....
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,Long Description
Contracting Officer with a conversation bubble that says: How do I ensure that the information I received
from the offeror is current, accurate, and complete?
,CLCOS6 Analyzing Contract Costs
lesson 2 - Offeror Information for Cost Analysis RESOURCES I PRINT I HELP
Obj ect.ives
At the end of this lesson, you will be able to:
• I dentify key terms associated with the
T ru th in Negotiations Ac t (TINA)
• Determine if an exception to the Truth in
Negotia tions Act applies
• Select the appropriate authority for
requiring an offeror to provide certified cost
or pricing data
• Identify the remedy to the government in
the event that a con tractor submits
defective data
Sound good? All right, let's ge t started !
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, CLC056 Analyzing Contract Costs
Lesson 2 - Offeror Information for Cost Analysis RESOURCES I PRINT I HELP
TOC View CR Submit CR
Overview - Truth in Negotiations Act (TINA)
At the heart of this modu le is the Truth in
Negotiations Act, which you will usually hear
referred to as "TINA ."
TINA is a public law enacted in 1962 for the
purpose of providing full and fa ir disclosure by
contractors in the conduct of negotiations w ith t he
government. TINA requires :
1. Contractors and subcontractors submit
certified cost or pri cing data fo r negotiated
TINA
procurements over $750,000
2 . Downward adjustment to the contract price, n NA ts '1 -pw.blte Law
includ ing profit or fee, where it is det ermined
that the contract price was increased (P.L. ~T-653) whteh ts
because the contract or submitted defective eodtfr,ed at 1.0 '-'t.S.C.
certified cost or pricing data
:2..306(Q)
As you can see, TINA offers some important
protections to the government.
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