GovCon Compliance
Cost or Pricing Data
The factual data, other than judgmental information, that a contractor possesses on costs and prices at the time of price agreement, defined at FAR 2.101. Cost or pricing data are facts about prior costs, vendor quotes, make-or-buy decisions, scrap and rework rates, and any other verifiable inputs to a price proposal. When TINA applies, the contractor must certify the data are accurate, complete, and current as of the agreement date. The certification is the legal hook for a TINA price reduction if a post-award audit shows the data were defective.