[Federal Register Volume 61, Number 21 (Wednesday, January 31, 1996)]
[Notices]
[Pages 3378-3379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1773]



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DEPARTMENT OF DEFENSE
[OMB Control No. 9000-0074]


Request for Public Comments Regarding OMB Clearance Entitled 
Limitation of Costs/Funds

AGENCIES: Departent 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 (9000-0074).

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[[Page 3379]]


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 Limitation of 
Coast/Funds. 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. 9000-0074, Limitation of Coast/Funds, in all 
correspondence.

FOR FURTHER INFORMATION CONTACT:
Mr. Jeremy F. Olson, Office of Federal Acquisition Policy, 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, 
63,456; responses per respondent, 1; total annual responses, 63,456; 
preparation hours per response, 5; and total response burden hours, 
31,728.

    Dated: January 24, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-1773 Filed 1-30-96; 8:45 am]
BILLING CODE 6820-EP-M