[Federal Register Volume 61, Number 72 (Friday, April 12, 1996)]
[Notices]
[Page 16241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9171]



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DEPARTMENT OF DEFENSE-

GENERAL SERVICES ADMINISTRATION-

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION-

[OMB Control No. 9000-0068]-


Submission for OMB Review; Comment Request 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 an extension to an existing OMB clearance 
(9000-0068).

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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 Economic Price Adjustment. A request 
for public comments was published at 61 FR 3375, January 31, 1996. No 
comments were received.
DATES: Comment Due Date: May 13, 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. 9000-0068, 
Economic Price Adjustment, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Mr. Ralph De Stefano, Federal 
Acquisition Policy Division, 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.
    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. 9000-0068, Economic Price 
Adjustment, in all correspondence.

    Dated: April 8, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-9171 Filed 4-11-96; 8:45 am]
BILLING CODE 6820-EP-P