81 FR 3420 - Information Collection; Economic Price Adjustment

DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

Federal Register Volume 81, Issue 13 (January 21, 2016)

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 economic price adjustment.

[Federal Register Volume 81, Number 13 (Thursday, January 21, 2016)]
[Notices]
[Page 3420]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01194]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0068; Docket 2016-0053; Sequence 3]


Information Collection; Economic Price Adjustment

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

ACTION: Notice of request for 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 economic price adjustment.

DATES: Submit comments on or before March 21, 2016.

ADDRESSES: Submit comments identified by Information Collection 9000-
0068, Economic Price Adjustment 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 9000-0068, Economic Price 
Adjustment''. Follow the instructions provided at the ``Submit a 
Comment'' screen. Please include your name, company name (if any), and 
``Information Collection 9000-0068, Economic Price Adjustment'' on your 
attached document.
     Mail: General Services Administration, Regulatory 
Secretariat (MVCB), 1800 F Street NW., Washington, DC 20405. ATTN: Ms. 
Flowers/IC 9000-0068, Economic Price Adjustment.
    Instructions: Please submit comments only and cite Information 
Collection 9000-0068, Economic Price Adjustment, in all correspondence 
related to this collection. Comments received generally will be posted 
without change to http://www.regulations.gov, including any personal 
and/or business confidential information provided. To confirm receipt 
of your comment(s), please check www.regulations.gov, approximately two 
to three days after submission to verify posting (except allow 30 days 
for posting of comments submitted by mail).

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

SUPPLEMENTARY INFORMATION:

A. Purpose

    The FAR clause 16.203, Fixed-price contracts with economic price 
adjustment and associated clauses at 52.216-2, 52.216-3, and 52.216-4, 
provide for upward and downward revision of the stated contract price 
upon occurrence of specified contingencies. In order for the 
contracting officer to be aware of price changes, the firm must provide 
pertinent information to the Government. The information is used to 
determine the proper amount of price adjustments required under the 
contract.

B. Annual Reporting Burden

    Respondents: 4,497.
    Responses Per Respondent: 1.
    Annual Responses: 4,497.
    Hours Per Response: 1.5.
    Total Burden Hours: 6,746.

C. Public Comments

    Public comments are particularly invited on: Whether this 
collection of information is necessary; 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. 9000-0068, Economic Price Adjustment, in all 
correspondence.

    Dated: January 15, 2016.
Lorin S. Curit,
Director, Federal Acquisition Policy Division, Office of Governmentwide 
Acquisition Policy, Office of Acquisition Policy, Office of 
Governmentwide Policy.
[FR Doc. 2016-01194 Filed 1-20-16; 8:45 am]
 BILLING CODE 6820-EP-P