Cloaked in secrecy, neither the terms of litigation financing agreements nor the attendant scuffles between financier and claimant, are typically aired in public. That changed for about.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing regulations that apply to Government contractors.
TINA Truth in Negotiations Act requires government contractors disclose their costs and prices government when submitting costs for a project. TINA violations have five components the government must prove to penalize contractors, receive reimbursement for dishonest pricing.