Notice2023-13401
Information Collection Requirement; Defense Federal Acquisition Regulation Supplement, Contract Financing
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 23, 2023
Issuing agencies
Defense DepartmentDefense Acquisition Regulations System
Abstract
The Defense Acquisition Regulations System has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.
Full Text
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<title>Federal Register, Volume 88 Issue 120 (Friday, June 23, 2023)</title>
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[Federal Register Volume 88, Number 120 (Friday, June 23, 2023)]
[Notices]
[Pages 41091-41092]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-13401]
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DEPARTMENT OF DEFENSE
Defense Acquisition Regulations System
[Docket Number DARS-2023-0009; OMB Control Number 0704-0359]
Information Collection Requirement; Defense Federal Acquisition
Regulation Supplement, Contract Financing
AGENCY: Defense Acquisition Regulations System, Department of Defense
(DoD).
ACTION: Notice.
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SUMMARY: The Defense Acquisition Regulations System has submitted to
OMB for clearance the following proposal for collection of information
under the provisions of the Paperwork Reduction Act.
DATES: Consideration will be given to all comments received by July 24,
2023.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
You may also submit comments, identified by docket number and
title, by the following method: Federal eRulemaking Portal: <a href="https://www.regulations.gov">https://www.regulations.gov</a>. Follow the instructions for submitting comments.
FOR FURTHER INFORMATION CONTACT: Angela Duncan, 571-372-7574, or
<a href="/cdn-cgi/l/email-protection#fb8c9388d59698d69a979e83d59e889fd5969983d59f9fd69f949fd692959d9489969a8f929495d6989497979e988f92949588bb969a9297d5969297"><span class="__cf_email__" data-cfemail="b1c6d9c29fdcd29cd0ddd4c99fd4c2d59fdcd3c99fd5d59cd5ded59cd8dfd7dec3dcd0c5d8dedf9cd2deddddd4d2c5d8dedfc2f1dcd0d8dd9fdcd8dd">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title and OMB Number: Defense Federal Acquisition Regulation
Supplement (DFARS) Part 232, Contract Financing and Related Clauses at
252.232; OMB Control Number 0704-0359.
Affected Public: Businesses or other for-profit and not-for-profit
institutions.
Respondents' Obligation: Required to obtain or retain benefits.
Frequency: On occasion.
Number of Respondents: 1,000.
Responses per Respondent: 14.
Annual Responses: 14,000.
Average Burden per Response: 1.2 hours.
Annual Burden Hours: 16,800.
Needs and Uses:
<bullet> DFARS 252.232-7007, Limitation of Government's Obligation.
The data submitted by contractors enables contracting officers to
calculate improved financing opportunities that will provide benefit to
both industry (prime contractor and subcontractor level) and the
taxpayer. DFARS 252.232-7007 is prescribed for use in solicitations and
resultant incrementally-funded fixed-price contracts. Paragraph (c) of
the clause requires a written notification from the contractor that:
(1) states the estimated date when the total amount payable by the
Government, including any cost for termination for convenience, will
approximate 85 percent of the total amount then allotted to the
contract for performance of the applicable items; (2) states an
estimate of additional funding, if any, needed to continue performance
of applicable line items up to the next scheduled date for allotment of
funds or to a mutually agreed upon substitute date; and (3) advises the
contracting officer of the estimated amount of additional funds that
will be required for the timely performance of the items funded
pursuant to the clause, for a subsequent period as may be specified in
the allotment schedule or otherwise agreed to by the parties to the
contract.
<bullet> DFARS subpart 232.10, Performance-Based Payments, 252.232-
7012, Performance Based Payments--Whole Contract Basis, and 252.232-
7013, Performance Based Payments--Deliverable-Item Basis. Contracting
officers use the information provided by contractors to create a cash-
flow model for use in evaluating alternative financing arrangements.
The analysis tool calculates improved financing opportunities that will
provide benefit to both industry (prime contractor and subcontractor
level) and the taxpayer. DFARS subpart 232.10 requires the contracting
officer, when considering performance-based payments, to obtain from
the contractor a proposed performance-based payments schedule which
includes all performance-based payments events, completion criteria and
event values along with the expected expenditure profile.
DFARS 252.232-7012 requires contractors to report the negotiated
value of all previously completed performance-based payments;
negotiated value of current performance-based payment events;
cumulative negotiated value of performance-based payment events
completed to date; total costs incurred to date; cumulative amount of
payments previously requested; and the payment amount requested for the
current performance based payment. DFARS 252.232-7013 requires
contractors to report the negotiated value of current performance-based
payment events; cumulative negotiated value of
[[Page 41092]]
performance-based payment events completed to date; total costs
incurred to date; cumulative amount of payments previously requested;
and the payment amount requested for the current performance based
payment.
DoD Clearance Officer: Ms. Angela Duncan. Requests for copies of
the information collection proposal should be sent to Ms. Duncan at
<a href="/cdn-cgi/l/email-protection#2e59465d00434d034f424b56004b5d4a00434c56004a4a034a414a03474048415c434f5a474140034d4142424b4d5a4741405d6e434f474200434742"><span class="__cf_email__" data-cfemail="12657a613c7f713f737e776a3c7761763c7f706a3c76763f767d763f7b7c747d607f73667b7d7c3f717d7e7e7771667b7d7c61527f737b7e3c7f7b7e">[email protected]</span></a>.
Jennifer D. Johnson,
Editor/Publisher, Defense Acquisition Regulations System.
[FR Doc. 2023-13401 Filed 6-22-23; 8:45 am]
BILLING CODE 5001-06-P
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