[Federal Register Volume 64, Number 73 (Friday, April 16, 1999)]
[Notices]
[Page 18914]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-9589]



[[Page 18914]]

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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0074]


Submission for OMB Review; Comment Request Entitled Limitation of 
Costs/Funds

AGENCIES: Department of Defense (DOD), General Services Administration 
(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Notice of request for an extension to an existing OMB 
clearance.

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SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 
(44 U.S.C. Chapter 35), the Federal Acquisition Regulation (FAR) 
Secretariat has submitted to the Office of Management and Budget (OMB) 
a request to review and approve an extension of a currently approved 
information collection requirement concerning Limitation of Costs/
Funds. A request for public comments was published at 64 FR 6634, 
February 10, 1999. No comments were received.

DATES: Comments may be submitted on or before May 17, 1999.

ADDRESSES: Comments regarding this burden estimate or any other aspect 
of this collection of information, including suggestions for reducing 
this burden, should be submitted to: FAR Desk Officer, OMB, Room 10102, 
NEOB, Washington, DC 20503, and a copy to the General Services 
Administration, FAR Secretariat (MVRS), 1800 F Street, NW, Room 4035, 
Washington, DC 20405. Please cite OMB Control No. 9000-0074, Limitation 
of Costs/Funds, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Jeremy F. Olson, Federal Acquisition 
Policy Division, GSA (202) 501-3221.

SUPPLEMENTARY INFORMATION:

A. Purpose

    Firms performing under Federal cost-reimbursement contracts are 
required to notify the contracting officer in writing whenever they 
have reason to believe--
    (1) The costs the contractors expect to incur under the contracts 
in the next 60 days, when added to all costs previously incurred, will 
exceed 75 percent of the estimated cost of the contracts; or
    (2) The total cost for the performance of the contracts will be 
greater or substantially less than estimated. As a part of the 
notification, the contractors must provide a revised estimate of total 
cost.

B. Annual Reporting Burden

    Public reporting burden for this collection of information is 
estimated to average 30 minutes per completion, including the time for 
reviewing instructions, searching existing data sources, gathering and 
maintaining the data needed, and completing and reviewing the 
collection of information.
    The annual reporting burden is estimated as follows: Respondents, 
50,000 responses per respondent, 1; total annual responses, 50,000; 
preparation hours per response, .5; and total response burden hours, 
25,000.

Obtaining Copies of Proposals

    Requester may obtain a copy of the justification from the General 
Services Administration, FAR Secretariat (MVRS), Room 4035, 1800 F 
Street, NW, Washington, DC 20405, telephone (202) 208-7312. Please cite 
OMB Control No. 9000-0074, Limitation of Costs/Funds, in all 
correspondence.

    Dated: April 13, 1999.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 99-9589 Filed 4-15-99; 8:45 am]
BILLING CODE 6820-34-P