Request for Public Comments Regarding OMB Clearance Entitled Incentive Contracts AGENCIES: Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA).

DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0067]

Request for Public Comments Regarding OMB Clearance Entitled

Incentive Contracts

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 (9000-0067).

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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 will be submitting to the Office of Management and Budget

(OMB) a request to review and approve an extension of a currently

approved information collection requirement concerning Incentive

Contracts. This OMB clearance currently expires on April 30, 1996.

DATES: Comment due date: January 26, 1996.

ADDRESSES: Comments regarding this burden estimate or any other aspect

of this collection of information, including suggestions for reducing

this burden, or obtaining a copy of the justification, should be

submitted to: General Services Administration, FAR Secretariat (VRS),

18th & F Streets, NW, Room 4037, Washington, DC 20405. Please cite OMB

Control No. 9000-0067, Incentive Contracts, in all correspondence.

FOR FURTHER INFORMATION CONTACT:

Mr. Ralph De Stefano, Office of Federal Acquisition Policy, GSA (202)

501-1758.

SUPPLEMENTARY INFORMATION:

A. Purpose

Incentive contracts are normally used when a firm fixed-priced

contract is not appropriate and the required supplies or services can

be acquired at lower costs, and sometimes with improved delivery or

technical performance, by relating the amount of profit or fee payable

under the contract to the contractor's performance.

The information required periodically from the contractor--such as

cost of work already performed, estimated costs of further performance

necessary to complete all work, total contract price for supplies or

services accepted by the Government for which final prices have been

established, and estimated costs allocable to supplies or services

accepted by the Government and for which final prices have not been

established--is needed to negotiate the final prices of incentive-

related items and services.

The contracting officer evaluates the information received to

determine the contractor's performance in meeting the incentive target

and the appropriate price revision, if any, for the items or services.

[[Page 58339]]

B. Annual Reporting Burden

Public reporting burden for this collection of information is

estimated to average 1 hour per completion, including the time for

reviewing instructions, searching existing data sources, gathering and

maintaining the data needed, and completing and reviewing the

collection of information.

The annual reporting burden is estimated as follows: Respondents,

3,000; Responses per respondent, 1; total annual responses, 3,000;

preparation hours per response, 1; and total response burden hours,

3,000.

Dated: November 9, 1995.

Beverly Fayson,

FAR Secretariat.

[FR Doc. 95-28717 Filed 11-24-95; 8:45 am]

BILLING CODE 6820-EP-M