Accounting Disclosure Requirements in Procurement Contracting

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2022
Authors
Nathan, Brad
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This paper studies how requirements for suppliers to privately disclose accounting information affect the award and execution of government procurement contracts. Using thresholds related to a federal procurement regulation known as the Truth in Negotiations Act (TINA), I find that above-threshold contracts, which are subject to requirements for suppliers to disclose data supporting their proposed prices unless there is a minimum number of competing bidders, experience greater competition than below-threshold contracts. Further, I find improvements in contract performance (i.e., less frequent re-negotiations and cost overruns) and completeness (i.e., decreased reliance on cost-plus contracts). Taken together, these findings are consistent with procurement's attention becoming more directed towards above-threshold contracts to promote competition to avoid the costs of requiring the data.
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accounting, information, disclosure, regulation, competition, cost, bid, processing, performance, data
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