What does TINA empower the CO to obtain when market forces are not present?

TINA, which stands for the Truth in Negotiations Act, mandates that when there are no market forces to establish fair pricing, the contracting officer (CO) must acquire data to ensure that the prices negotiated for contracts are fair and reasonable. This requirement is critical in situations where competition is limited, such as in sole-source contracts or when working with non-competitive offers.

The data obtained under TINA includes various elements such as cost or pricing data, historical pricing data, and any other relevant information that helps establish what a fair and reasonable price should be. This is essential for the CO to fulfill their responsibility of protecting the government's interests and ensuring that taxpayer money is spent wisely.

While other choices pertain to related concepts, they do not directly address the specific requirement of TINA. Cost projections and estimates of revenue can be useful but do not specifically relate to fair and reasonable pricing data as mandated by TINA. Market research is important for understanding the landscape of available services and products but does not specifically focus on the data required for pricing determinations under TINA.