[Federal Register Volume 61, Number 21 (Wednesday, January 31, 1996)]
[Notices]
[Pages 3376-3377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1770]



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DEPARTMENT OF DEFENSE
[OMB Control No. 9000-0071]


Request for Public Comments Regarding OMB Clearance Entitled 
Price Redetermination

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 (9000-0071).

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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 Price 
Redetermination. 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. 9000-0071, Price Redetermination, in all correspondence.

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

SUPPLEMENTARY INFORMATION: 

A. Purpose

    Fixed-price contracts with prospective price redetermination 
provide for firm fixed prices for an initial period of the contract 
with prospective redetermination at stated times during performance. 
Fixed price contracts with retroactive price redetermination provide 
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.

[[Page 3377]]


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, 
3,500; responses per respondent, 2; total annual responses, 7,000; 
preparation hours per response, 1; and total response burden hours, 
7,000.

    Dated: January 24, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-1770 Filed 1-30-96; 8:45 am]
BILLING CODE 6820-EP-M