[Federal Register Volume 64, Number 45 (Tuesday, March 9, 1999)]
[Notices]
[Pages 11445-11446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-5805]


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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.

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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 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 63 FR 71099, December 23, 
1998. No comments were received.

DATES: Comments may be submitted on or before April 8, 1999.


[[Page 11446]]


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), 1800 F Street, NW, Room 4035, 
Washington, DC 20405. Please cite OMB Control No. 9000-0067, Incentive 
Contracts, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Ralph DeStefano, Federal Acquisition 
Policy Division, 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 items 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

    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 the justification from the General 
Services Administration, FAR Secretariat (MVRS), Room 4035, Washington, 
DC 20405, telephone (202) 208-7312. Please cite OMB Control No. 9000-
0067, Incentive Contracts, in all correspondence.

    Dated: March 3, 1999.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 99-5805 Filed 3-8-99; 8:45 am]
BILLING CODE 6820-34-P