[Federal Register Volume 77, Number 223 (Monday, November 19, 2012)]
[Notices]
[Page 69442]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28031]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0068: Docket 2012-0076; Sequence 55]


Federal Acquisition Regulation; Information Collection; Economic 
Price Adjustment

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, 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 
economic price adjustment.
    Public comments are particularly invited on: Whether this 
collection of information is necessary for the proper performance of 
functions of the Federal Acquisition Regulations (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 January 18, 2013.

ADDRESSES: Submit comments identified by Information Collection 9000-
0068, Economic Price Adjustment 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 9000-0068, Economic Price Adjustment''. 
Follow the instructions provided at the ``Submit a Comment'' screen. 
Please include your name, company name (if any), and ``Information 
Collection 9000-0068, Economic Price Adjustment'' 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 9000-0068, Economic Price Adjustment.
    Instructions: Please submit comments only and cite Information 
Collection 9000-0068, Economic Price Adjustment, 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. Michael O. Jackson, Procurement 
Analyst, Office of Governmentwide Acquisition Policy, GSA (202) 208-
4949 or email [email protected].

SUPPLEMENTARY INFORMATION: 

A. Purpose

    FAR 16.203, Fixed-price contracts with economic price adjustment, 
and associated clauses at 52.216-2, 52.216-3, and 52.216-4 provide for 
upward and downward revision of the stated contract price upon 
occurrence of specified contingencies. In order for the contracting 
officer to be aware of price changes, the firm must provide pertinent 
information to the Government. The information is used to determine the 
proper amount of price adjustments required under the contract.

B. Annual Reporting Burden

    The estimated annual reporting burden is being adjusted upward 
since published in the Federal Register at 74 FR 64085, on December 7, 
2009. The upward adjustment is based on a revised number of respondents 
obtained from the Federal Procurement Data System--Next Generation 
(FPDS-NG) data for fixed-price contracts with economic price 
adjustments.
    Respondents: 11,945.
    Responses per Respondent: 1.
    Annual Responses: 11,945.
    Hours per Response: .25.
    Total Burden Hours: 2,986.

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. 9000-0068, 
Economic Price Adjustment, in all correspondence.

    Dated: November 8, 2012.
William Clark,
Acting Director, Federal Acquisition Policy Division, Office of 
Acquisition Policy, Office of Governmentwide Policy.
[FR Doc. 2012-28031 Filed 11-16-12; 8:45 am]
BILLING CODE 6820-EP-P