[Federal Register Volume 61, Number 21 (Wednesday, January 31, 1996)]
[Notices]
[Pages 3378-3379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1773]
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DEPARTMENT OF DEFENSE
[OMB Control No. 9000-0074]
Request for Public Comments Regarding OMB Clearance Entitled
Limitation of Costs/Funds
AGENCIES: Departent 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 (9000-0074).
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[[Page 3379]]
SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995
(44 U.S.C. Chapter 35), the Federal Acquisition Regulation (FAR)
Secretariat will be submitting 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
Coast/Funds. This OMB clearance currently expires on May 31, 1996.
DATES: Comment Due Date: April 1, 1996.
ADDRESSES: Comments regarding this burden estimate or any other aspect
of this collection of information, including suggestions for reducing
this burden, or obtaining a copy of the justification, should be
submitted to: General Services Administration, FAR Secretariat (MVRS),
18th & F Streets, NW., Room 4037, Washington, DC 20405. Please cite OMB
Control No. 9000-0074, Limitation of Coast/Funds, in all
correspondence.
FOR FURTHER INFORMATION CONTACT:
Mr. Jeremy F. Olson, Office of Federal Acquisition Policy, 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, 5; and total response burden hours,
31,728.
Dated: January 24, 1996.
Beverly Fayson,
FAR Secretariat.
[FR Doc. 96-1773 Filed 1-30-96; 8:45 am]
BILLING CODE 6820-EP-M
