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CERTIFICATE OF CURRENT COST OR PRICING DATA (FAR 15.406-2) This certification includes the cost or pricing data supporting any advance agreements and forward pricing rate agreements between the offer or and the Government that are part of the proposal.
The threshold for obtaining certified cost or pricing data is $750,000.
Effective July 1, 2018, contracting officers shall use $2 million as the threshold for obtaining certified cost or pricing data, in lieu of the threshold of $750,000 at Federal Acquisition Regulations (FAR) 15.403-4.
TINA & CAS Thresholds Increased to $2 Million. The Truth in Negotiation Act (TINA) currently requires offers to certify that accurate, current, and complete cost or pricing data was disclosed to the government for negotiated procurement valued at $750,000 or more.
Currently, the Truth in Negotiations Act (TINA) threshold is set at $750,000. However, Section 811 of the fiscal year 2018 NCAA includes a provision that increases the threshold up to $2,000,000.
Cost or pricing data are more than historical accounting data; they are all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred.
Definition of Certified cost or pricing data Certified cost or pricing data means cost or pricing data that were required to be submitted in accordance with FAR 15.403-4 and 15.403-5 and have been certified, or is required to be certified, in accordance with 15.406-2.
Certified cost or pricing data means cost or pricing data that were required to be submitted in accordance with FAR 15.403-4 and 15.403-5 and have been certified, or are required to be certified, in accordance with 15.406-2.
Cost or pricing data (10 U.S.C. 2306a(h)(1) and 41 U.S.C. 254b) means all facts that, as of the date of price agreement, or, if applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of agreement on price, prudent buyers and sellers would reasonably expect to affect ...
Definition of Data other than certified cost or pricing data other than certified cost or pricing data means pricing data, cost data, and judgmental information necessary for the contracting officer to determine a fair and reasonable price or to deter- mine cost realism.
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