[Federal Register Volume 64, Number 72 (Thursday, April 15, 1999)]
[Notices]
[Page 18606]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-9404]


-----------------------------------------------------------------------

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).

-----------------------------------------------------------------------

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 Price Redetermination. A 
request for public comments was published at 64 FR 6056, February 8, 
1999. No comments were received.

DATES: Comments may be submitted on or before May 17, 1999.

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

FOR FURTHER INFORMATION CONTACT: Ralph DeStefano, 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 a copy of the justification from the General 
Services Administration, FAR Secretariat (MVRS), Room 4035, 1800 F 
Street, NW, Washington, DC 20405, telephone (202) 208-7312. Please cite 
OMB Control No. 9000-0071, Price Redetermination, in all 
correspondence.

    Dated: April 12, 1999.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 99-9404 Filed 4-14-99; 8:45 am]
BILLING CODE 6820-34-P