[Federal Register Volume 77, Number 166 (Monday, August 27, 2012)]
[Notices]
[Page 51784]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-20992]
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DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
[Docket 2012-0076; Sequence 42; OMB Control No. 9000-0071]
Federal Acquisition Regulation; Information Collection; Price
Redetermination
AGENCY: Department of Defense (DOD), General Services Administration
(GSA), and National Aeronautics and Space Administration (NASA).
ACTION: Notice of request for public comments regarding an extension of
an existing OMB clearance.
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SUMMARY: Under the provisions of the Paperwork Reduction Act, the
Regulatory Secretariat will be submitting to the Office of Management
and Budget (OMB) a request to review and approve an extension of a
previously approved information collection requirement concerning Price
Redetermination.
Public comments are particularly invited on: Whether this
collection of information is necessary; whether it will have practical
utility; whether our estimate of the public burden of this collection
of information is accurate, and based on valid assumptions and
methodology; ways to enhance the quality, utility, and clarity of the
information to be collected; and ways in which we can minimize the
burden of the collection of information on those who are to respond,
through the use of appropriate technological collection techniques or
other forms of information technology.
DATES: Submit comments on or before October 26, 2012.
ADDRESSES: Submit comments identified by Information Collection 9000-
0071, Price Redetermination, by any of the following methods:
Regulations.gov: http://www.regulations.gov. Submit
comments via the Federal eRulemaking portal by searching the OMB
control number. Select the link ``Submit a Comment'' that corresponds
with ``Information Collection 9000-0071, Price Redetermination''.
Follow the instructions provided at the ``Submit a Comment'' screen.
Please include your name, company name (if any), and ``Information
Collection 9000-0071, Price Redetermination'' on your attached
document.
Fax: 202-501-4067.
Mail: General Services Administration, Regulatory
Secretariat (MVCB), 1275 First Street NE., Washington, DC 20417. ATTN:
Hada Flowers/IC 9000-0071, Price Redetermination.
Instructions: Please submit comments only and cite Information
Collection 9000-0071, Price Redetermination, in all correspondence
related to this collection. All comments received will be posted
without change to http://www.regulations.gov, including any personal
and/or business confidential information provided.
FOR FURTHER INFORMATION CONTACT: Mr. Curtis E. Glover, Sr., Procurement
Analyst, Office of Governmentwide Acquisition Policy, GSA, (202) 501-
1448 or email [email protected].
SUPPLEMENTARY INFORMATION:
A. Purpose
FAR 16.205, Fixed-price contracts with prospective price
redetermination, provides for firm fixed prices for an initial period
of the contract with prospective redetermination at stated times during
performance. FAR 16.206, Fixed price contracts with retroactive price
redetermination, provides for a fixed ceiling price and retroactive
price redetermination within the ceiling after completion of the
contract. In order for the amounts of price adjustments to be
determined, the firms performing under these contracts must provide
information to the Government regarding their expenditures and
anticipated costs. The information is used to establish fair price
adjustments to Federal contracts.
B. Annual Reporting Burden
The estimated total burden is lower than that published the Federal
Register at 74 FR 62783, on December 1, 2009. This is due to the
decrease in the estimated number of respondents. Based on Fiscal Year
2011 information from the Federal Procurement Data System, an estimated
230 unique contractors were awarded 1,970 fixed-price redetermination
contracts. Thus, each vendor responded on average 8.6 times a year
(rounded up to 9). The hours per response is increased to 2 hours after
a reassessment of the time required to prepare and report the
information.
Respondents: 230.
Responses per Respondent: 9.
Annual Responses: 2,070.
Hours per Response: 2.
Total Burden Hours: 4,140.
Obtaining Copies of Proposals: Requesters may obtain a copy of the
information collection documents from the General Services
Administration, Regulatory Secretariat (MVCB), 1275 First Street NE.,
Washington, DC 20417, telephone (202) 501-4755. Please cite OMB Control
No. 9000-0071, Price Redetermination, in all correspondence.
Dated: August 17, 2012.
William Clark,
Acting Director, Federal Acquisition Policy Division, Office of
Governmentwide Acquisition Policy, Office of Acquisition Policy, Office
of Governmentwide Policy.
[FR Doc. 2012-20992 Filed 8-24-12; 8:45 am]
BILLING CODE 6820-EP-P