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View ICR - OIRA Conclusion

OMB Control No: 9000-0102	ICR Reference No: 201605-9000-001
Status: Historical Active	Previous ICR Reference No: 201206-9000-014
Agency/Subagency: FAR	Agency Tracking No:
Title: Prompt Payment - FAR Sections Affected: Subparts 32; 52.232-5 & 52.232-27
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: 05/20/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2019	36 Months From Approved	06/30/2016
Responses	8,877	0	48,950
Time Burden (Hours)	2,219	0	5,385
Cost Burden (Dollars)	127,005	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	8,877	48,950	-40,073
Annual Time Burden (Hours)	2,219	5,385	-3,166
Annual Cost Burden (Dollars)	127,005	0	127,005

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: Data from the Federal Procurement Data System regarding fixed price construction contracts for FY 2015 revealed that the number of affected contracts is lower than last time (FY11) this analysis was done. This decrease has been partially offset by an increase in the applicable average hourly rate to both the public and Government from $48.95 from in the previous OMB approval to the current $57.23

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