[Federal Register Volume 67, Number 73 (Tuesday, April 16, 2002)]
[Notices]
[Page 18595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-9145]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0067]


Federal Acquisition Regulation; Submission for OMB Review; 
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 67 FR 6235, February 11, 
2002. No comments were received.
    Public comments are particularly invited on: Whether this 
collection of information is necessary for the proper performance of 
functions of the FAR, and whether it will have practical utility; 
whether our estimate of the public burden of this collection of 
information is accurate, and based on valid assumptions and 
methodology; ways to enhance the quality, utility, and clarity of the 
information to be collected; and ways in which we can minimize the 
burden of the collection of information on those who are to respond, 
through the use of appropriate technological collection techniques or 
other forms of information technology.

DATES: Submit comments on or before May 16, 2002.

ADDRESSES: Submit comments regarding this burden estimate or any other 
aspect of this collection of information, including suggestions for 
reducing this burden to: FAR Desk Officer, OMB, Room 10102, NEOB, 
Washington, DC 20503, and a copy to the General Services 
Administration, FAR Secretariat (MVP), 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: Julia Wise, Acquisition Policy 
Division, GSA (202) 208-1168.

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

    Respondents: 3,000.
    Responses Per Respondent: 1.
    Annual Responses: 3,000.
    Hours Per Response: 1.
    Total Burden Hours: 3,000.
    Obtaining Copies of Proposals: Requesters may obtain copies of the 
information collection documents from the General Services 
Administration, FAR Secretariat (MVP), Room 4035, Washington, DC 20405, 
telephone (202) 501-4755. Please cite OMB Control No. 9000-0067, 
Incentive Contracts, in all correspondence.

    Dated: April 5, 2002.
Al Matera,
Director, Acquisition Policy Division.
[FR Doc. 02-9145 Filed 4-15-02; 8:45 am]
BILLING CODE 6820-EP-P