The Truth in Negotiations Act stipulates the protocol of reviewing and ensuring that cost and pricing data in recorded without drawing negative concerns. However, the act faces challenges in the procurement of technical data and computer software. Ideally, the dynamic changes in the computer generation cause the occurrence of such difficulties, and the TINA becomes vulnerable. Since the act seeks to review and recommend fair for all commodities procured by the government over the different categories of contracts, it is vital for the federal state and its congress to revise it accordingly. In the case of procuring technical data and computer software, the legal bodies should understand that the contractors are vulnerable to the ever-changing prices for the equipment. Therefore, it is appropriate to repeal the act and enforce an exemption that will allow contractors from these categories to acquire and account for the costs incurred in the purchasing process. Arguably, the changes in technology force government agencies to ensure the installation of an updated platform for the computation and relay of data and information. Such aspects are achievable through the acquisition of updated software. Contracting and Payment Options.
FAR. (2015). “Federal Acquisition Regulation (FAR): Payments, 52.232-1.” Acquisition.GOV. Web. https://www.acquisition.gov/sites/default/files/current/far/html/52_232.html
FAR. (2015). “Federal Acquisition Review (FAR) Subpart 32.9-Prompt Payment.” Acquisition. GOV . Web. https://www.acquisition.gov/sites/default/files/current/far/html/Subpart%2032_9.html
FAR. (2015). “Federal Acquisition Review (FAR) Subpart 532.9-Prompt Payment.” Acquisition.GOV. Web. https://www.acquisition.gov/sites/default/files/current/gsam/html/Part532.html
Federal Register. (2010). “Federal Acquisition Regulation: Truth in Negotiations Act (TINA) Interest Calculations.” Federal Register. Web. https://www.federalregister.gov/articles/2010/09/22/2010-23589/federal-acquisition-regulation-tina-interest-calculations
FAR. (2015). “Federal Acquisition Regulation (FAR): Buy American Act.” Intelligence legal Information. Web. http://regulations.vlex.com/vid/far-buy-america-nonavailable-articles-22728290
Please type your essay title, choose your document type, enter your email and we send you essay samples