[Federal Register Volume 60, Number 227 (Monday, November 27, 1995)]
[Notices]
[Pages 58338-58339]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28717]



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DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
[OMB Control No. 9000-0067]

Request for Public Comments Regarding OMB Clearance Entitled 
Incentive Contracts
AGENCIES: 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 to 
an existing OMB clearance (9000-0067).

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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 will be submitting to the Office of Management and Budget 
(OMB) a request to review and approve an extension of a currently 
approved information collection requirement concerning Incentive 
Contracts. This OMB clearance currently expires on April 30, 1996.

DATES: Comment due date: January 26, 1996.

ADDRESSES: Comments regarding this burden estimate or any other aspect 
of this collection of information, including suggestions for reducing 
this burden, or obtaining a copy of the justification, should be 
submitted to: General Services Administration, FAR Secretariat (VRS), 
18th & F Streets, NW, Room 4037, Washington, DC 20405. Please cite OMB 
Control No. 9000-0067, Incentive Contracts, in all correspondence.

FOR FURTHER INFORMATION CONTACT:
Mr. Ralph De Stefano, Office of Federal Acquisition Policy, GSA (202) 
501-1758.
SUPPLEMENTARY INFORMATION: 
A. Purpose
    Incentive contracts are normally used when a firm fixed-priced 
contract is not appropriate and the required supplies or services can 
be acquired at lower costs, and sometimes with improved delivery or 
technical performance, by relating the amount of profit or fee payable 
under the contract to the contractor's performance.
    The information required periodically from the contractor--such as 
cost of work already performed, estimated costs of further performance 
necessary to complete all work, total contract price for supplies or 
services accepted by the Government for which final prices have been 
established, and estimated costs allocable to supplies or services 
accepted by the Government and for which final prices have not been 
established--is needed to negotiate the final prices of incentive-
related items and services.
    The contracting officer evaluates the information received to 
determine the contractor's performance in meeting the incentive target 
and the appropriate price revision, if any, for the items or services.

[[Page 58339]]


B. Annual Reporting Burden
    Public reporting burden for this collection of information is 
estimated to average 1 hour 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, 
3,000; Responses per respondent, 1; total annual responses, 3,000; 
preparation hours per response, 1; and total response burden hours, 
3,000.
    Dated: November 9, 1995.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 95-28717 Filed 11-24-95; 8:45 am]
BILLING CODE 6820-EP-M