98-34018. Proposed Collection; Comment Request Entitled Incentive Contracts

[Federal Register Volume 63, Number 246 (Wednesday, December 23, 1998)]
[Notices]
[Pages 71099-71100]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34018]


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DEPARTMENT OF DEFENSE

General Services Administration

National Aeronautics and Space Administration

[OMB Control No. 9000-0067]


Proposed Collection; Comment Request Entitled 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 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 Incentive 
Contracts. The clearance currently expires on April 30, 1999.

DATES: Comments may be submitted on or before February 22, 1999.

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), 1800 F Street, NW, Room 4035, 
Washington, DC 20405. Please cite OMB Control No. 9000-0067, Incentive 
Contracts, in all correspondence.

FOR FURTHER INFORMATION CONTACT: Ralph DeStefano, Federal Acquisition 
Policy Division, GSA [phone].

SUPPLEMENTARY INFORMATION:

A. Purpose

    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 item and services.
    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.

[[Page 71100]]

B. Annual Reporting Burden

    The annual reporting burden is estimated as follows: Respondents, 
3,000; responses per respondent, 1; total annual responses, 3,000; 
preparation hours per response, 1; and total response burden hours, 
3,000.

Obtaining Copies of Proposals

    Requester may obtain copies of OMB applications or justifications 
from the General Services Administration, FAR Secretariat (MVRS), Room 
4035, Washington, DC 20405, telephone [phone]. Please cite OMB 
Control No. 9000-0067, Incentive Contracts, in all correspondence.

    Dated: December 18, 1998.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 98-34018 Filed 12-22-98; 8:45 am]
BILLING CODE 6820-34-P