Truth in Negotiations Act definition
Examples of Truth in Negotiations Act in a sentence
The amount of the dollar charge to the FEHB Pro- gram shall be adjusted by the same amount and at the same time as any change to the threshold for application of the Truth in Negotiations Act pursu- ant to 41 U.S.C. 254b(a)(7).
Except, that in regard to any claim or dispute that directly relates to or arises out of a Contracting Officer's decision concerning Seller's compliance with the Truth in Negotiations Act or Cost Accounting Standards, the Seller may request, in writing, to the Buyer that such disputes or claim be appealed to the Contracting Officer, Board of Contract Appeals, Federal Court or Appellate Court as may be appropriate.
To the Knowledge of Arrow, no facts exist which could give rise to a material claim for price adjustment under the Truth in Negotiations Act or to any other request for a material reduction in the price of any Dagger Government Contracts.
There exists no basis for a claim of liability against the Company by any Governmental Authority under the Truth in Negotiations Act and/or as a result of defective cost and pricing data submitted by the Company to any Governmental Authority.
The Company has not received any written allegations from employees, consultants or independent contractors with respect to any alleged act or omission arising under or relating to (i) liability under the False Claims Act, (ii) a claim for price adjustment under the Truth in Negotiations Act, or (iii) any other request for a reduction in the price of any Government Contracts, including, without limitation, to claims based on actual or alleged defective pricing.
To the knowledge of the Company, no Governmental Entity has initiated any investigations or asserted any allegations with respect to any Government Contract that could give rise to a claim under the False Claims Act, the Truth in Negotiations Act, or a request for a reduction in the price of any Government Contract.
The Company has taken no action and is not party to any litigation that could reasonably be expected to give rise to (i) liability under the False Claims Act, (ii) a claim for price adjustment under the Truth in Negotiations Act, or (iii) any other request for a reduction in the price of any Government Contracts.
Seller has not taken any action and is not a party to any litigation that could reasonably be expected to give rise to a request for a material reduction in the price of any Government Contract, including but not limited to (i) claims based on actual or alleged defective pricing or (ii) a claim for price adjustment under the Truth in Negotiations Act.
The Target has complied in all material respects with: (i) all terms and conditions of each Government Contract and Government Contract Bid; and (ii) all laws and regulations applicable to each such Government Contract and Government Contract Bid, including, without limitation, the Truth in Negotiations Act of 1962, as amended, the Service Contract Act of 1965, as amended, and the Federal Acquisition Regulation (“FAR”) and any applicable agency supplement thereto.
To its Knowledge, neither the Company nor any Subsidiary is in violation, or currently alleged to be in violation, of the Truth in Negotiations Act, as amended.