[Federal Register Volume 84, Number 82 (Monday, April 29, 2019)]
[Notices]
[Pages 18038-18039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08541]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0071; Docket No. 2019-0003; Sequence No. 1]


Information Collection; Price Redetermination

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

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 and the 
Office of Management and Budget (OMB) regulations, the FAR Council 
invites the public to comment upon a revision and renewal concerning 
price redetermination.

DATES: Submit comments on or before June 28, 2019.

ADDRESSES: The FAR Council invites interested persons to submit 
comments on this collection by either of the following methods:
     Federal eRulemaking Portal: This website provides the 
ability to type short comments directly into the comment field or 
attach a file for lengthier comments. Go to http://www.regulations.gov 
and follow the instructions on the site.
     Mail: General Services Administration, Regulatory 
Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405. 
ATTN: Ms. Mandell/IC 9000-0071, Price Redetermination.
    Instructions: All items submitted must cite Information Collection 
9000-0071, Price Redetermination, in all correspondence related to this 
collection. Comments received generally will be posted without change 
to http://www.regulations.gov, including any personal and/or business 
confidential information provided. To confirm receipt of your 
comment(s), please check www.regulations.gov, approximately two to 
three days after submission to verify posting (except allow 30 days for 
posting of comments submitted by mail).

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

SUPPLEMENTARY INFORMATION: 

[[Page 18039]]

A. Solicitation of Public Comment

    Written comments and suggestions from the public should address one 
or more of the following four points:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility;
    (2) Evaluate the accuracy of the agency's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
    (3) Enhance the quality, utility, and clarity of the information to 
be collected; and
    (4) Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., permitting electronic 
submission of responses.

B. Purpose

    FAR 16.205, Fixed-price contracts with prospective price 
redetermination, provides for firm fixed prices for an initial period 
of the contract and prospective redetermination of the price, at stated 
times during performance, during subsequent periods of performance. 
Prospective price redetermination is used in negotiated contracts when 
it is possible to establish a firm fixed price for an initial period, 
but not for subsequent periods of contract performance. FAR clause 
52.216-5, Price Redetermination-Prospective, is included in these 
solicitations and contracts and requires a contractor to submit to the 
Government--
     Within an agreed upon timeframe, (1) proposed prices for 
the upcoming contract period, (2) a statement of costs incurred for the 
most recent period of performance, and (3) any supporting or relevant 
documentation; and,
     During periods where firm prices have not been 
established, a quarterly statement that includes a breakdown of total 
contract prices, costs, and profit incurred and all invoices accepted 
for delivered items or services for which final prices have not been 
established.
    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. Retroactive price redetermination is used in research and 
development contracts valued at $150,000 or less when a firm fixed 
price cannot be negotiated and the contract amount and short 
performance period make the use of any other fixed-price contract type 
impracticable. FAR clause 52.216-6, Price Redetermination--Retroactive, 
is included in these solicitations and contracts and requires 
contractors to submit to the Government--
     Within an agreed upon timeframe after completion of the 
contract, (1) the proposed prices, (2) all costs incurred in performing 
the contract, and (3) any supporting or relevant documentation; and,
     Until final price redetermination has been completed, a 
quarterly statement that includes a breakdown of total contract prices, 
costs, and interim profit incurred and all invoices accepted for 
delivered items.
    Contracting officers use the information submitted by respondents 
to accurately determine the price adjustments to be made under the 
contract or order in accordance with the clause.

C. Annual Reporting Burden

    Respondents: 33.
    Responses per Respondent: 7.
    Annual Responses: 232.
    Hours per Response: 8.
    Total Burden Hours: 1,856.
    Affected Public: Business or other for-profit entities.
    Obtaining Copies of Proposals: Requesters may obtain a copy of the 
information collection documents from the General Services 
Administration, Regulatory Secretariat Division (MVCB), 1800 F Street 
NW, Washington, DC 20405, telephone 202-501-4755. Please cite OMB 
Control No. 9000-0071, Price Redetermination, in all correspondence.

    Dated: April 23, 2019.
Janet Fry,
Director, Federal Acquisition Policy Division, Office of Governmentwide 
Acquisition Policy, Office of Acquisition Policy, Office of 
Governmentwide Policy.
[FR Doc. 2019-08541 Filed 4-26-19; 8:45 am]
 BILLING CODE 6820-EP-P