80 FR 22736 - Information Collection; Incentive Contracts

DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

Federal Register Volume 80, Issue 78 (April 23, 2015)

Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division will be submitting to the Office of Management and Budget (OMB) a request to review and approve an extension of a previously approved information collection requirement concerning incentive contracts.

[Federal Register Volume 80, Number 78 (Thursday, April 23, 2015)]
[Notices]
[Pages 22736-22737]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-09452]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION


[OMB Control No. 9000-0067; Docket 2015-0076; Sequence 10] 
Information Collection; Incentive Contracts

AGENCIES: Department of Defense (DOD), General Services Administration 
(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Notice of request for public comments regarding an extension to 
an existing OMB clearance.

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SUMMARY: Under the provisions of the Paperwork Reduction Act, the 
Regulatory Secretariat Division will be submitting to the Office of 
Management and Budget (OMB) a request to review and approve an 
extension of a previously approved information collection requirement 
concerning incentive contracts.

DATES: Submit comments on or before June 22, 2015.

ADDRESSES: Submit comments identified by Information Collection 9000-
0067, Incentive Contracts, by any of the following methods:
     Regulations.gov: http://www.regulations.gov. Submit 
comments via the Federal eRulemaking portal by searching the OMB 
control number. Select the link ``Submit a Comment'' that corresponds 
with ``Information Collection 9000-0067, Incentive Contracts.'' Follow 
the instructions provided at the ``Submit a Comment'' screen. Please 
include your name, company name (if any), and ``Information Collection 
9000-0067, Incentive Contracts'' on your attached document.
     Fax: 202-501-4067.
     Mail: General Services Administration, Regulatory 
Secretariat Division (MVCB), 1800 F Street NW., Washington, DC 20405. 
ATTN: Ms. Flowers/IC 9000-0067, Incentive Contracts.
    Instructions: Please submit comments only and cite Information 
Collection 9000-0067, Incentive Contracts, in all correspondence 
related to this collection. All comments received will be posted 
without change to http://www.regulations.gov, including any personal 
and/or business confidential information provided.

FOR FURTHER INFORMATION CONTACT: Mr. Michael Jackson, Procurement 
Analyst, Office of Acquisition Policy, GSA 202-208-4949 or via email 
[email protected].

SUPPLEMENTARY INFORMATION:

A. Purpose

    In accordance with FAR 16.4, 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. Contractors are required to submit the 
information in accordance with several incentive fee FAR clauses: FAR 
52.216-16, Incentive Price Revision--Firm Target; FAR 52.216-17, 
Incentive Price Revision--Successive Targets; and FAR 52.216-10, 
Incentive Fee.
    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

    Respondents: 1,000.
    Responses per Respondent: 2.
    Annual Responses: 2,000.
    Hours per Response: 1.5.
    Total Burden Hours: 3,000.

C. Public Comments

    Public comments are particularly invited on: Whether this 
collection of information is necessary for the proper performance of 
functions of the Federal

[[Page 22737]]

Acquisition Regulation (FAR), and whether it will have practical 
utility; whether our estimate of the public burden of this collection 
of information is accurate, and based on valid assumptions and 
methodology; ways to enhance the quality, utility, and clarity of the 
information to be collected; and ways in which we can minimize the 
burden of the collection of information on those who are to respond, 
through the use of appropriate technological collection techniques or 
other forms of information technology.
    Obtaining Copies of Proposals: Requesters may obtain a copy of the 
information collection documents from the General Services 
Administration, Regulatory Secretariat Division (MVCB), 1800 F Street 
NW., Washington, DC 20405, telephone 202-501-4755. Please cite OMB 
Control No. 9000-0067, Incentive Contracts, in all correspondence.

    Dated: April 17, 2015.
Edward Loeb,
Acting Director, Federal Acquisition Policy Division, Office of 
Governmentwide Acquisition Policy, Office of Acquisition Policy, Office 
of Governmentwide Policy.
[FR Doc. 2015-09452 Filed 4-22-15; 8:45 am]
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