When must cost and pricing data be submitted according to TINA?

The correct choice pertains to the requirement that cost and pricing data must be submitted for items above a specified threshold, in accordance with the Truth in Negotiations Act (TINA). This legislation aims to ensure that the government receives fair and reasonable pricing for contracts by requiring contractors to provide accurate, complete, and current cost or pricing data when soliciting contracts within certain limits.

Under TINA, the requirement specifically applies to negotiated contracts where the value exceeds the established threshold, which is subject to updates and adjustments over time. This threshold is set to prevent overwhelming the contracting process with excessive data demands for lower-value contracts, focusing instead on ensuring that adequate information is provided for contracts that have a significant financial impact.

Consequently, smaller projects and those contract types that do not reach this threshold are exempt from the stringent requirements set forth by TINA, which streamlines the process and acknowledges varying levels of risk and complexity associated with different contract values.