The purpose of the Transparency in Contracting Act of 2025 is to enhance accountability and transparency in government contracting by requiring contractors to report significant price increases on noncompetitive contracts. This aims to ensure that the government and taxpayers are informed about price changes that could affect public spending. Key provisions of the Act include a requirement for contractors to notify the relevant contracting officer within 30 days if they become aware that the price of a product or service under a covered contract exceeds certain thresholds.