[Federal Register Volume 84, Number 149 (Friday, August 2, 2019)]
[Notices]
[Pages 37875-37876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16501]


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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]


Submission for OMB Review; Price Redetermination

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

ACTION: Notice.

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SUMMARY: Under the provisions of the Paperwork Reduction Act, the 
Regulatory Secretariat Division has submitted to the Office of 
Management and Budget (OMB) a request to review and approve a revision 
and renewal concerning price redetermination.

DATES: Submit comments on or before September 3, 2019.

ADDRESSES: Submit comments regarding this burden estimate or any other 
aspect of this collection of information, including suggestions for 
reducing this burden to: Office of Information and Regulatory Affairs 
of OMB, Attention: Desk Officer for GSA, Room 10236, NEOB, Washington, 
DC 20503. Additionally submit a copy to GSA by any 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

[[Page 37876]]

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: 

A. OMB Number, Title, and Any Associated Form(s)

    9000-0071, Price Redetermination.

B. Needs and Uses

    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.
    Total Annual Responses: 232.
    Total Burden Hours: 1,856.
    Affected Public: Business or other for-profit entities.

D. Public Comment

    A 60-day notice was published in the Federal Register at 84 FR 
18038 on April 29, 2019. No comments were received.
    Obtaining Copies: 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: July 29, 2019.
Janet Fry,
Director, Federal Acquisition Policy Division, Office of Governmentwide 
Acquisition Policy, Office of Acquisition Policy, Office of 
Governmentwide Policy.
[FR Doc. 2019-16501 Filed 8-1-19; 8:45 am]
 BILLING CODE 6820-EP-P