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View ICR - OIRA Conclusion

OMB Control No: 9000-0068	ICR Reference No: 201604-9000-004
Status: Historical Active	Previous ICR Reference No: 201207-9000-006
Agency/Subagency: FAR	Agency Tracking No:
Title: Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/30/2016
	Date Received in OIRA: 04/22/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2019	36 Months From Approved	06/30/2016
Responses	4,497	0	11,945
Time Burden (Hours)	6,746	0	17,918
Cost Burden (Dollars)	310,293	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	4,497	11,945	-7,448
Annual Time Burden (Hours)	6,746	17,918	-11,172
Annual Cost Burden (Dollars)	310,293	0	310,293

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated annual reporting burden has decreased from what was published in the Federal Register at 78 FR 12318, on February 22, 2013. The estimated total burden hours has decreased from 11,945 to 4,497. The downward adjustment is based on information from the Federal Procurement Data System. The number of responses is adjusted from 11,945 to 4,497 based on FPDS data, and the estimated hours per response of 1.5 hours remains the same. The 1.5 hours allows for additional time to meet the requirements under the relevant clauses.

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