[Federal Register Volume 61, Number 68 (Monday, April 8, 1996)] [Notices] [Pages 15471-15472] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-8608] ----------------------------------------------------------------------- DEPARTMENT OF DEFENSE [OMB Control No. 9000-0074] Submission for OMB Review; Comment Request Entitled Limitation of Costs/Funds AGENCies: 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 (9000-0074).
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Summary
Under the provisions of the Paperwork Reduction Act of 1980 (44 U.S.C. 35), the Federal Acquisition Regulation (FAR) Secretariat has submitted to the Office of Management and Budget (OMB) a request to review and approve an extension of a currently approved information collection requirement concerning Limitation of Costs/Funds. A request for public comments was published at 61 FR 3378, January 31, 1996. No comments were received.
Dates
Comment Due Date: May 8, 1996.
Addresses
Comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, should be submitted to: FAR Desk Officer, OMB, Room 10102, NEOB, Washington, DC 20503, and a copy to the General Services Administration, FAR Secretariat (MVRS), 18th and F Streets NW., Room 4037, Washington, DC 20405. Please cite OMB Control No. 9000-0074, Limitation of Costs/Funds, in all correspondence.
For Further Information Contact
Mr. Jeremy F. Olson, Federal Acquisition Policy Division, GSA, (202) 501-3221.
Supplementary Information
A. Purpose
Firms performing under Federal cost-reimbursement contracts are required to notify the contracting officer in writing whenever they have reason to believe-- (1) The costs the contractors expect to incur under the contracts in the next 60 days, when added to all costs previously incurred, will exceed 75 percent of the estimated cost of the contracts; or (2) The total cost for the performance of the contracts will be greater or substantially less than estimated. As a part of the notification, the contractors must provide a revised estimate of total cost.
B. Annual Reporting Burden
Public reporting burden for this collection of information is estimated to average 30 minutes per completion, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. The annual reporting burden is estimated as follows: Respondents, 63,456; responses per respondent, 1; total annual responses, 63,456; preparation hours per response, 0.5; and total response burden hours, 31,728.
obtaining copies of proposals: Requester may obtain copies of justifications from the General Services Administration, FAR Secretariat (MVRS), Room 4037, Washington, DC 20405, telephone (202) 501-4755. Please cite OMB Control No. 9000-0074, Limitation of Costs/ Funds, in all correspondence.
Dated: April 2, 1996. Beverly Fayson, FAR Secretariat. [FR Doc. 96-8608 Filed 4-5-96; 8:45 am] BILLING CODE 6820-EP-M