[Federal Register Volume 85, Number 103 (Thursday, May 28, 2020)]
[Notices]
[Pages 32020-32021]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11490]


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DEPARTMENT OF DEFENSE

Defense Acquisition Regulations System

[Docket Number DARS-2020-0014; OMB Control Number 0704-0359]


Information Collection Requirement; Defense Federal Acquisition 
Regulation Supplement, Contract Financing; Comment Request

AGENCY: Defense Acquisition Regulations System, Department of Defense 
(DoD).

ACTION: Notice.

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[[Page 32021]]

SUMMARY: The Defense Acquisition Regulations System has submitted to 
OMB for clearance, the following proposed revision and extension of a 
collection of information under the provisions of the Paperwork 
Reduction Act.

DATES: DoD will consider all comments received by June 29, 2020.

SUPPLEMENTARY INFORMATION:
    Title and OMB Number: Defense Federal Acquisition Regulation 
Supplement (DFARS) Part 232, Contract Financing and Related Clauses at 
252.232; OMB Control Number 0704-0359.
    Type of Request: Revision.
    Affected Public: Businesses or other for-profit and not-for-profit 
institutions.
    Respondents' Obligation: Required to obtain or retain benefits.
    Respondents: 1,000.
    Responses per Respondent: 14.
    Annual Responses: 14,000.
    Hours per Response: 1.2 hour.
    Estimated Hours: 16,800.
    Reporting Frequency: On occasion.
    Needs and Uses:
    DFARS 252.232-7007, Limitation of Government's Obligation. The data 
submitted by contractors enables contracting officers to calculate 
improved financing opportunities that will provide benefit to both 
industry (prime and subcontractor level) and the taxpayer. DFARS 
252.232-7007, is prescribed for use in solicitations and resultant 
incrementally-funded fixed-price contracts. Paragraph (c) of the clause 
requires a written notification from the contractor that: (1) States 
the estimated date when the total amount payable by the Government, 
including any cost for termination for convenience, will approximate 85 
percent of the total amount then allotted to the contract for 
performance of the applicable items; (2) states an estimate of 
additional funding, if any, needed to continue performance of 
applicable line items up to the next scheduled date for allotment of 
funds, or to a mutually agreed upon substitute date; and (3) advises 
the contracting officer of the estimated amount of additional funds 
that will be required for the timely performance of the items funded 
pursuant to the clause, for a subsequent period as may be specified in 
the allotment schedule, or otherwise agreed to by the parties to the 
contract.
    DFARS subpart 232.10, Performance-Based Payments, 252.232-7012, 
Performance Based Payments--Whole Contract Basis, and 252.232-7013, 
Performance Based Payments--Deliverable-Item Basis. Contracting 
officers use the information provided by contractors to create a cash-
flow model for use in evaluating alternative financing arrangements. 
The analysis tool calculates improved financing opportunities that will 
provide benefit to both industry (prime and subcontractor level) and 
the taxpayer. DFARS subpart 232.10 requires the contracting officer, 
when considering performance-based payments, to obtain from the 
contractor a proposed performance-based payments schedule which 
includes all performance-based payments events, completion criteria and 
event values along with the expected expenditure profile.
     DFARS 252.232-7012 requires contractors to report the 
negotiated value of all previously completed performance-based 
payments; negotiated value of current performance-based payment(s) 
event(s); cumulative negotiated value of performance-based payment(s) 
events completed to date; total costs incurred to date; cumulative 
amount of payments previously requested; and the payment amount 
requested for the current performance based payment.
     DFARS 252.232-7013 requires contractors to report the 
negotiated value of current performance-based payment(s) event(s); 
cumulative negotiated value of performance-based payment(s) events 
completed to date; total costs incurred to date; cumulative amount of 
payments previously requested; and the payment amount requested for the 
current performance based payment.
    Comments and recommendations on the proposed information collection 
should be sent to Ms. Jasmeet Seehra, DoD Desk Officer, at 
[email protected]. Please identify the proposed information 
collection by DoD Desk Officer and the Docket ID number and title of 
the information collection.
    You may also submit comments, identified by docket number and 
title, by the following method: Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments.
    DoD Clearance Officer: Ms. Angela James. Requests for copies of the 
information collection proposal should be sent to Ms. James at [email protected].

Jennifer Lee Hawes,
Regulatory Control Officer, Defense Acquisition Regulations System.
[FR Doc. 2020-11490 Filed 5-27-20; 8:45 am]
BILLING CODE 5001-06-P