80 FR 38691 - Federal Acquisition Regulation; Submission for OMB Review; Incentive Contracts

DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

Federal Register Volume 80, Issue 129 (July 7, 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. A notice was published in the Federal Register at 80 FR 22735, on April 23, 2015. No Comments were received.

[Federal Register Volume 80, Number 129 (Tuesday, July 7, 2015)]
[Notices]
[Pages 38691-38692]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16566]


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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]


Federal Acquisition Regulation; Submission for OMB Review; 
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. A notice was published in the Federal 
Register at 80 FR 22735, on April 23, 2015. No Comments were received.

DATES: Submit comments on or before August 6, 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.
     Mail: General Services Administration, Regulatory 
Secretariat (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 O. 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 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 (MVCB), 1800 F Street NW., 
Washington, DC 20405, telephone 202-501-4755. Please cite

[[Page 38692]]

OMB Control No. 9000-0067, Incentive Contracts, in all correspondence.

Edward Loeb,
Acting Director, Federal Acquisition Policy Division, Office of 
Governmentwide Acquisition Policy, Office of Acquisition Policy, Office 
of Governmentwide Policy.
[FR Doc. 2015-16566 Filed 7-6-15; 8:45 am]
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