Submission for OMB Review; Comment Request Entitled Incentive Contracts

DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0067]

Submission for OMB Review; Comment Request Entitled Incentive

Contracts

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.

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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 Incentive Contracts. A

request for public comments was published at 63 FR 71099, December 23,

1998. No comments were received.

DATES: Comments may be submitted on or before April 8, 1999.

[[Page 11446]]

ADDRESSES: Comments regarding this burden estimate or any other aspect

of 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), 1800 F Street, NW, Room 4035,

Washington, DC 20405. Please cite OMB Control No. 9000-0067, Incentive

Contracts, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Ralph DeStefano, Federal Acquisition

Policy Division, GSA (202) 501-1758.

SUPPLEMENTARY INFORMATION:

A. Purpose

Incentive contracts are normally used when a firm fixed-price

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.

B. Annual Reporting Burden

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.

Obtaining Copies of Proposals

Requester may obtain copies of the justification from the General

Services Administration, FAR Secretariat (MVRS), Room 4035, Washington,

DC 20405, telephone (202) 208-7312. Please cite OMB Control No. 9000-

0067, Incentive Contracts, in all correspondence.

Dated: March 3, 1999.

Edward C. Loeb,

Director, Federal Acquisition Policy Division.

[FR Doc. 99-5805 Filed 3-8-99; 8:45 am]

BILLING CODE 6820-34-P