[Federal Register Volume 61, Number 31 (Wednesday, February 14, 1996)]
[Notices]
[Pages 5753-5754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3321]



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

Submission for OMB Review; Comment Request Entitled Incentive 
Contracts
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 
(9000-0067).

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SUMMARY: Under the provisions of the Paperwork Reduction Act of 1980 
(44 U.S.C. 35), 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 Incentive Contracts. A request for 
public comments was published at 60 FR 58338, November 27, 1995. No 
comments were received.

DATES: Comment Due Date: March 15, 1996.

ADDRESSES: Comments regarding this burden estimate or any other aspect 
of this collection of information, including suggestions for reducing 
this burden, should be submitted to: FAR Desk Officer, OMB, Room 10102, 
NEOB, Washington, DC 20503, and a copy to the General Services 
Administration, FAR Secretariat (MVRS), 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

[[Page 5754]]

Acquisition Policy, GSA (202) 501-1758.

SUPPLEMENTARY INFORMATION:

A. Purpose

    Incentive contracts are normally used when a firm fixed-price 
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 item 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.

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.
    Obtaining Copies of Proposals: Requester may obtain copies of 
justifications from the General Services Administration, FAR 
Secretariat (MVRS), Room 4037, Washington, DC 20405, telephone (202) 
501-4755. Please cite OMB Control No. 9000-0067, Incentive Contracts, 
in all correspondence.

    Dated: February 8, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-3321 Filed 2-13-96; 8:45 am]
BILLING CODE 6820-EP-P