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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
9000-0074
ICR Reference No:
201607-9000-007
Status:
Historical Active
Previous ICR Reference No:
201206-9000-009
Agency/Subagency:
FAR
Agency Tracking No:
Title:
Contract Funding - Limitation of Costs/Funds - FAR Sections Affected: 52.232-20 and 52.232-22
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
08/25/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
07/25/2016
Terms of Clearance:
This collection is approved based on the revised materials provided by the Agency.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2019
36 Months From Approved
08/31/2016
Responses
123,392
0
57,568
Time Burden (Hours)
40,719
0
28,784
Cost Burden (Dollars)
2,321,004
0
0
Abstract:
Firms performing under Federal cost-reimbursement contracts must notify the Government when incurred costs will exceed 75 percent of the estimated cost. or when the total cost for the performance of the contracts will be greater or substantially less than estimated.
Authorizing Statute(s):
None
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
81 FR 21873
04/13/2016
30-day Notice:
Federal Register Citation:
Citation Date:
81 FR 48423
07/25/2016
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Contract Funding - Limitation of Costs/Funds - FAR Sections Affected: 52.232-20 and 52.232-22
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
123,392
57,568
0
65,824
0
0
Annual Time Burden (Hours)
40,719
28,784
0
11,935
0
0
Annual Cost Burden (Dollars)
2,321,004
0
0
2,321,004
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The number of affected contracts was changed, based on contract award data from the Federal Procurement Data System (FPDS). During the three most recent years for which data were available (FY13, FY14, and FY15), the average number of covered awards involving incremental funding (and thereby, the requirement to issue Limitation of Funds letters) was estimated to be 123,392. This number includes all cost-plus-fixed-fee, cost-plus-award-fee, cost-plus-incentive-fee, and 10% of all cost-sharing contracts. Also, three changes were made to the estimates published in the preliminary 60-day notice at 81 FR 21873 on April 13, 2016, for this renewal. First, the initial estimate included certain fixed-price and cost-sharing contract data (subsequently deemed not directly impacted by FAR clauses 52.232-20 and 52.232-22); those data points have been removed from the estimate for this collection. Accordingly, the number of contract actions has been reduced. Secondly, the number of responses per respondent has been reassessed at one per year in lieu of five; this is consistent with updated data based on consultation with subject matter experts within the Government. Some cost-reimbursement contracts will not invoke the notices required by the two clauses, while others might invoke one or more per year. Third, the estimated time to produce each funding letter was reduced from 1/2 hour to 1/3 hour, as office software applications continue to improve, making basic computations, word processing, and communication increasingly efficient.
Annual Cost to Federal Government:
$3,516,672
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Kathy Hopkins 202 969-7226 kathlyn.hopkins@gsa.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
07/25/2016
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