Submission for OMB Review; Comment Request Entitled Price Redetermination

DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0071]-

Submission for OMB Review; Comment Request Entitled Price

Redetermination

AGENCIES: Department of Defense (DOD), General Services Administration

(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Notice of request for an extension to an existing OMB clearance

(9000-0071).

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SUMMARY: Under the provisions of the Paperwork Reduction Act of 1980

(44 U.S.C. 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 at 61 FR 3376, January 31, 1996. No

comments were received.

DATES: Comment Due Date: May 13, 1996.

ADDRESSES: Comments regarding this burden estimate or any other aspect

of

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this collection of information, including suggestions for reducing this

burden, should be submitted to: FAR Desk Officer, OMB, Room 10102,

NEOB, Washington, DC 20503, and a copy to the General Services

Administration, FAR Secretariat (MVRS), 18th & F Streets NW., Room

4037, Washington, DC 20405. Please cite OMB Control No. 9000-0071,

Price Redetermination, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Mr. Ralph De Stefano, Federal

Acquisition Policy Division, GSA (202) 501-1758.

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 -

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,

3,500; responses per respondent, 2; total annual responses, 7,000;

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

7,000.

Obtaining Copies of Proposals: Requester may obtain copies of

justifications from the General Services Administration, FAR

Secretariat (MVRS), Room 4037, Washington, DC 20405, telephone (202)

501-4755. Please cite OMB Control No. 9000-0071, Price Redetermination,

in all correspondence.

Dated: April 8, 1996.

Beverly Fayson,

FAR Secretariat.

[FR Doc. 96-9172 Filed 4-11-96; 8:45 am]

BILLING CODE 6820-EP-P