Fraud with the Truth in Negotiations Act
The federal government uses the Truth in Negotiations Act, or TINA, to hold their contractors accountable. This law requires all contractors to provide information regarding their pricing to the government. This data must be up-to-date when submitted, giving the government an accurate understanding of how much they are going to spend when using a particular contractor.
Unfortunately, though, some contractors may attempt to defraud the government despite TINA. If you have information regarding government contract fraud, you can bring this information forward to help the government as well as your fellow citizens. To discuss your case, contact the government contractor fraud attorneys of Tycko & Zavareei, LLP, by calling 202-973-0900 today.
Exemptions to TINA
Fraud with the Truth in Negotiations Act occurs when a vendor does not supply the government with proper, accurate information. This report requires a contractor to provide a substantial amount of information regarding their pricing. When a contractor fails to account for each of the requirements attached to this law, they may be able to defraud the government.
However, there are some exemptions to this law, allowing certain individuals avoid producing a regular price report. These exemptions include:
- Situations where price is established by law
- Cases in which the government provides a waiver
- Whenever there is already price competition for that contractor
- Circumstances where a contract accounts for less than $650,000
Contractor fraud with the government can not only defraud the federal government but also waste taxpayers’ dollars. This is unacceptable.
Contact Us
Government fraud costs taxpayers billions of dollars each year. However, there are legal means available for whistleblowers to bring a suit against these fraudulent contractors. To learn more about your options, contact the qui tam lawyers of Tycko & Zavareei, LLP, at 202-973-0900 today.
