View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 9000-0068	ICR Reference No: 201908-9000-001
Status: Historical Active	Previous ICR Reference No: 201604-9000-004
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: 09/14/2019
	Date Received in OIRA: 08/13/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2022	36 Months From Approved	09/30/2019
Responses	759,700	0	4,497
Time Burden (Hours)	1,139,550	0	6,746
Cost Burden (Dollars)	69,512,550	0	310,293

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	759,700	4,497	755,203
Annual Time Burden (Hours)	1,139,550	6,746	1,132,804
Annual Cost Burden (Dollars)	69,512,550	310,293	69,202,257

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 information collection requirement in the FAR remains unchanged, except for the use of more current wage rate information. The estimated annual reporting burden has decreased from what was published in the Federal Register at 81 FR 21870, on April 13, 2016. The estimated total burden hours has increased from 6,746 to 1,139,550. The upward adjustment is based on information from the Federal Procurement Data System. The number of responses is adjusted from 4,497 to 759,700 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.

Annual Cost to Federal Government: $46,341,700

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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: Michael Jackson 2022084949 MichaelO.Jackson@gsa.gov

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