[Federal Register Volume 77, Number 166 (Monday, August 27, 2012)]
[Notices]
[Page 51784]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-20992]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[Docket 2012-0076; Sequence 42; OMB Control No. 9000-0071]


Federal Acquisition Regulation; Information Collection; Price 
Redetermination

AGENCY: Department of Defense (DOD), General Services Administration 
(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Notice of request for public comments regarding an extension of 
an existing OMB clearance.

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SUMMARY: Under the provisions of the Paperwork Reduction Act, the 
Regulatory Secretariat will be submitting to the Office of Management 
and Budget (OMB) a request to review and approve an extension of a 
previously approved information collection requirement concerning Price 
Redetermination.
    Public comments are particularly invited on: Whether this 
collection of information is necessary; 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 October 26, 2012.

ADDRESSES: Submit comments identified by Information Collection 9000-
0071, Price Redetermination, by any of the following methods:
     Regulations.gov: http://www.regulations.gov. Submit 
comments via the Federal eRulemaking portal by searching the OMB 
control number. Select the link ``Submit a Comment'' that corresponds 
with ``Information Collection 9000-0071, Price Redetermination''. 
Follow the instructions provided at the ``Submit a Comment'' screen. 
Please include your name, company name (if any), and ``Information 
Collection 9000-0071, Price Redetermination'' on your attached 
document.
     Fax: 202-501-4067.
     Mail: General Services Administration, Regulatory 
Secretariat (MVCB), 1275 First Street NE., Washington, DC 20417. ATTN: 
Hada Flowers/IC 9000-0071, Price Redetermination.
    Instructions: Please submit comments only and cite Information 
Collection 9000-0071, Price Redetermination, in all correspondence 
related to this collection. All comments received will be posted 
without change to http://www.regulations.gov, including any personal 
and/or business confidential information provided.

FOR FURTHER INFORMATION CONTACT: Mr. Curtis E. Glover, Sr., Procurement 
Analyst, Office of Governmentwide Acquisition Policy, GSA, (202) 501-
1448 or email [email protected].

SUPPLEMENTARY INFORMATION: 

A. Purpose

    FAR 16.205, Fixed-price contracts with prospective price 
redetermination, provides for firm fixed prices for an initial period 
of the contract with prospective redetermination at stated times during 
performance. FAR 16.206, Fixed price contracts with retroactive price 
redetermination, provides 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

    The estimated total burden is lower than that published the Federal 
Register at 74 FR 62783, on December 1, 2009. This is due to the 
decrease in the estimated number of respondents. Based on Fiscal Year 
2011 information from the Federal Procurement Data System, an estimated 
230 unique contractors were awarded 1,970 fixed-price redetermination 
contracts. Thus, each vendor responded on average 8.6 times a year 
(rounded up to 9). The hours per response is increased to 2 hours after 
a reassessment of the time required to prepare and report the 
information.
    Respondents: 230.
    Responses per Respondent: 9.
    Annual Responses: 2,070.
    Hours per Response: 2.
    Total Burden Hours: 4,140.
    Obtaining Copies of Proposals: Requesters may obtain a copy of the 
information collection documents from the General Services 
Administration, Regulatory Secretariat (MVCB), 1275 First Street NE., 
Washington, DC 20417, telephone (202) 501-4755. Please cite OMB Control 
No. 9000-0071, Price Redetermination, in all correspondence.

    Dated: August 17, 2012.
William Clark,
Acting Director, Federal Acquisition Policy Division, Office of 
Governmentwide Acquisition Policy, Office of Acquisition Policy, Office 
of Governmentwide Policy.
[FR Doc. 2012-20992 Filed 8-24-12; 8:45 am]
BILLING CODE 6820-EP-P