[Federal Register Volume 61, Number 72 (Friday, April 12, 1996)]
[Notices]
[Pages 16241-16242]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9172]



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DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
[OMB Control No. 9000-0071]-

Submission for OMB Review; Comment Request Entitled Price 
Redetermination

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 
(9000-0071).

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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 Price Redetermination. A request for 
public comments was published at 61 FR 3376, 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

[[Page 16242]]

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

FOR FURTHER INFORMATION CONTACT: Mr. Ralph De Stefano, Federal 
Acquisition Policy Division, 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.

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

    Dated: April 8, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-9172 Filed 4-11-96; 8:45 am]
BILLING CODE 6820-EP-P