TICA 2025 (S. 2809)

Summary

Makes companies with noncompetitive government contracts tell the government if their prices go up by a lot, to help prevent overspending.

What problem does this solve?

The government may overpay for goods and services when there is no competition, as there is little oversight on price increases. This bill requires contractors to report significant price hikes and publicly lists those who fail to do so.

What does this bill do?

Requires reporting of price increases

Forces companies with noncompetitive contracts to tell a contracting officer if the price of a product or service goes up significantly.

Sets specific price increase limits

Triggers the reporting rule if a price increases by 25% over the last year's price or 50% over the price from five years ago.

Publicly lists companies that don't comply

Requires that contractors who fail to report price increases be listed in the public Federal Awardee Performance and Integrity Information System (FAPIIS).

Defines which contracts are covered

Applies the new rules only to contracts that are awarded without a competitive bidding process.

Who does this affect?

Defense contractors
Department of Defense
Government contracting officers

What is the real world impact?

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Increases transparency in government spending

Creates a clear rule for when contractors must report price increases on contracts that were not competitively bid. This helps government officials track costs and protect taxpayer money.

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Creates a public record of non-compliant contractors

Lists companies that fail to report price hikes in a public database. This information can be used to hold contractors accountable and may influence future contract awards.

When does this start?

This bill would go into effect as soon as it is signed into law, but it includes a specific deadline for reporting.

Contractor reporting deadline

Contractors must report a qualifying price increase no later than 30 days after they become aware of it.