[Federal Register Volume 60, Number 134 (Thursday, July 13, 1995)]
[Notices]
[Pages 36130-36131]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17101]



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DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
[OMB Control No. 9000-0045]

Clearance Request for Bid, Performance, and Payment Bonds
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 
(9000-0045).
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SUMMARY: Under the provisions of the Paperwork Reduction Act of 1980 
(44 U.S.C. 3501), 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 Bid, Performance, and Payment Bonds.

FOR FURTHER INFORMATION CONTACT:
Beverly Fayson, Office of Federal Acquisition Policy, GSA (202) 501-
4755.
SUPPLEMENTARY INFORMATION: 
A. Purpose
    ``Bond'' means a written instrument executed by the contractor (the 
``principal'') and a second party (the ``surety'' or ``sureties'') to 
assure fulfillment of the principal's obligations to a third party (the 
``obligee'' or ``Government'') identified in the bond. If the 
principal's obligations are not met, the bond assures payment, to the 
extent stipulated, of any loss sustained by the obligee.
    The Miller Act (40 U.S.C. 270a-270e) requires performance and 
payment bonds for any construction contract exceeding $25,000, unless 
it is impracticable to require bonds for work performed in a foreign 
country, or it is otherwise authorized by law. Bonds may be required 
for other contracts when it is deemed appropriate.
    The bond(s) are retained by the obligee (the Government) until the 
principal's (the contractor's) obligation is fulfilled.
B. Annual Reporting Burden
    Public reporting burden for this collection of information is 
estimated to average .42 hours per response, including the time for 
reviewing instructions, searching existing data sources, gathering and 
maintaining the data needed, and completing and reviewing the 
collection of information. Send comments regarding this burden estimate 
or any other aspect of this collection of information, including 
suggestions for reducing this burden, to General Services 
Administration, FAR Secretariat, 18th & F Streets, NW, Room 4037, 
Washington, DC 20405.
    The annual reporting burden is estimated as follows: Respondents, 
19,075; responses per respondent, 4.87; total annual responses, 92,895; 
preparation hours per response, .42; and total response burden hours, 
39,016.

[[Page 36131]]


Obtaining Copies of Proposals

    Requester may obtain copies of OMB applications or justifications 
from the General Services Administration, FAR Secretariat (VRS), Room 
4037, Washington, DC 20405, telephone (202) 501-4755. Please cite OMB 
Control No. 9000-0045, Bid, Performance, and Payment Bonds, in all 
correspondence.

    Dated: June 23, 1995.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 95-17101 Filed 7-12-95; 8:45 am]
BILLING CODE 6820-EP-M