[Federal Register Volume 61, Number 21 (Wednesday, January 31, 1996)]
[Notices]
[Page 3375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1767]



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DEPARTMENT OF DEFENSE
[OMB Control No. 9000-0068]


Request for Public Comments Regarding OMB Clearance Entitled 
Economic Price Adjustment

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 (9000-0068).

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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 Economic Price 
Adjustment. This OMB clearance currently expires on May 31, 1996.

DATES: Comment Due Date: April 1, 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 (MVRS), 
18th & F Streets, NW, Room 4037, Washington, DC 20405. Please cite OMB 
Control No. 9000-0068, Economic Price Adjustment, in all 
correspondence.

FOR FURTHER INFORMATION CONTACT:
Mr. Ralph De Strefano, Office of Federal Acquisition Policy, GSA (202) 
501-1758.

SUPPLEMENTARY INFORMATION:

A. Purpose

    A fixed-price contract with economic price adjustment provides for 
upward and downward revision of the stated contract price upon 
occurrence of specified contingencies. In order for the contracting 
officer to be aware of price changes, the firm must provide pertinent 
information to the Government. The information is used to determine the 
proper amount of price adjustments required under the contract.

B. Annual Reporting Burden

    Public reporting burden for this collection of information is 
estimated to average 15 minutes 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.
    The annual reporting burden is estimated as follows: Respondents, 
7,200; responses per respondent, 1; total annual responses, 7,200; 
preparation hours per response, .25; and total response burden hours, 
1,800.

    Dated: January 24, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-1767 Filed 1-30-96; 8:45 am]
BILLING CODE 6820-EP-M