[Federal Register: June 21, 2005 (Volume 70, Number 118)]
[Notices]               
[Page 35643-35644]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21jn05-65]                         

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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0068]

 
Federal Acquisition Regulation;Submission for OMB Review; 
Economic Price Adjustment

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 of 1995 
(44 U.S.C. Chapter 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 economic price 
adjustment. A request for public comments was published in the Federal 
Register at 70 FR 24773 on May 11, 2005. No comments were received.
    Public comments are particularly invited on: Whether this 
collection of information is necessary for the proper performance of 
functions of the 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.

DATES: Submit comments on or before July 21, 2005.

ADDRESSES: Submit comments regarding this burden estimate or any other 
aspect of this collection of information, including suggestions for 
reducing this burden to the General Services Administration, FAR 
Secretariat (VIR), 1800 F Street, NW, Room 4035, Washington, DC 20405.

FOR FURTHER INFORMATION CONTACT: Jerry Zaffos, Contract Policy 
Division, GSA, at (202) 208-6091.

SUPPLEMENTARY INFORMATION:

[[Page 35644]]

A. Purpose

    A fixed-price contract with economic price adjustment provides 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: 5,346
    Responses Per Respondent: 1.
    Annual Responses:5,346.
    Hours Per Response:.25.
    Total Burden Hours: 1,337.
    Obtaining Copies of Proposals: Requesters may obtain a copy of the 
information collection documents from the General Services 
Administration, FAR Secretariat (VIR), Room 4035, 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: June 10, 2005
Julia B. Wise
Director,Contract Policy Division.
[FR Doc. 05-12181 Filed 6-20-05; 8:45 am]