Difference between revisions of "Category:Truth In Negotiations Act (TINA)"
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TINA is a disclosure rule. It is not a rule that prohibits excessive or windfall profits, which is a common misconception. The rule is very simple, it requires a contractor to disclose current, complete and accurate data with which to place the government on an equal footing. Excessive profits, or what we will call "additional" profits is what came about during the performance of the contract, and are events and facts that were not known by the contractor during the proposal and negotiation phase. | TINA is a disclosure rule. It is not a rule that prohibits excessive or windfall profits, which is a common misconception. The rule is very simple, it requires a contractor to disclose current, complete and accurate data with which to place the government on an equal footing. Excessive profits, or what we will call "additional" profits is what came about during the performance of the contract, and are events and facts that were not known by the contractor during the proposal and negotiation phase. | ||
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| + | '''Remember, TINA is a Disclosure Statue''' nothing more, nothing less. | ||
[[Category: Bid and Proposal]] | [[Category: Bid and Proposal]] | ||
Revision as of 19:05, 4 December 2019
TINA is a disclosure rule. It is not a rule that prohibits excessive or windfall profits, which is a common misconception. The rule is very simple, it requires a contractor to disclose current, complete and accurate data with which to place the government on an equal footing. Excessive profits, or what we will call "additional" profits is what came about during the performance of the contract, and are events and facts that were not known by the contractor during the proposal and negotiation phase.
Remember, TINA is a Disclosure Statue nothing more, nothing less.
Pages in category "Truth In Negotiations Act (TINA)"
The following 24 pages are in this category, out of 24 total.
