[Federal Register: July 10, 2002 (Volume 67, Number 132)]
[Notices]               
[Page 45707]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10jy02-45]                         

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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0071]

 
Federal Acquisition Regulation; Submission for OMB Review; Price 
Redetermination

AGENCIES: 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 to 
an existing OMB clearance (9000-0071).

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SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 
(44 U.S.C. Chapter 35), the Federal Acquisition Regulation (FAR) 
Secretariat has submitted to the Office of Management and Budget (OMB) 
a request to review and approve an extension of a currently approved 
information collection requirement concerning price redetermination. A 
request for public comments was published in the Federal Register at 67 
FR 18178 on April 15, 2002. No comments were received.
    Public comments are particularly invited on: Whether this 
collection of information is necessary for the proper performance of 
functions of the 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 August 9, 2002.

ADDRESSES: Submit comments regarding this burden estimate or any other 
aspect of this collection of information, including suggestions for 
reducing this burden to: FAR Desk Officer, OMB, Room 10102, NEOB, 
Washington, DC 20503, and a copy to the General Services 
Administration, FAR Secretariat (MVP), 1800 F Street, NW., Room 4035, 
Washington, DC 20405. Please cite OMB Control No. 9000-0071, Price 
Redetermination, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Julia Wise, Acquisition Policy 
Division, GSA (202) 208-1168.

SUPPLEMENTARY INFORMATION:

A. Purpose

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

    Respondents: 3,500.
    Responses Per Respondent: 2.
    Annual Responses: 7,000.
    Hours Per Response: 1.
    Total Burden Hours: 7,000.

Obtaining Copies of Proposals

    Requesters may obtain a copy of the information collection 
documents from the General Services Administration, FAR Secretariat 
(MVP), Room 4035, 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 2, 2002.
Jerry Olson,
Acting Director, Acquisition Policy Division.
[FR Doc. 02-17349 Filed 7-9-02; 8:45 am]
BILLING CODE 6820-EP-P