Notice2024-28053
Information Collection; Certain Federal Acquisition Regulation Part 16 Contract Pricing Requirements
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
November 29, 2024
Issuing agencies
Defense DepartmentGeneral Services AdministrationNational Aeronautics and Space Administration
Abstract
In accordance with the Paperwork Reduction Act of 1995, and the Office of Management and Budget (OMB) regulations, DoD, GSA, and NASA invite the public to comment on an extension concerning certain Federal Acquisition Regulation (FAR) part 16 contract pricing requirements. DoD, GSA, and NASA invite comments on: whether the proposed collection of information is necessary for the proper performance of the functions of Federal Government acquisitions, including whether the information will have practical utility; the accuracy of the estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including the use of automated collection techniques or other forms of information technology. OMB has approved this information collection for use through April 30, 2025. DoD, GSA, and NASA propose that OMB extend its approval for use for three additional years beyond the current expiration date.
Full Text
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<title>Federal Register, Volume 89 Issue 230 (Friday, November 29, 2024)</title>
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[Federal Register Volume 89, Number 230 (Friday, November 29, 2024)]
[Notices]
[Pages 94730-94731]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28053]
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DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
[OMB Control No. 9000-0067; Docket No. 2024-0053; Sequence No. 18]
Information Collection; Certain Federal Acquisition Regulation
Part 16 Contract Pricing Requirements
AGENCY: Department of Defense (DOD), General Services Administration
(GSA), and National Aeronautics and Space Administration (NASA).
ACTION: Notice and request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, and
the Office of Management and Budget (OMB) regulations, DoD, GSA, and
NASA invite the public to comment on an extension concerning certain
Federal Acquisition Regulation (FAR) part 16 contract pricing
requirements. DoD, GSA, and NASA invite comments on: whether the
proposed collection of information is necessary for the proper
performance of the functions of Federal Government acquisitions,
including whether the information will have practical utility; the
accuracy of the estimate of the burden of the proposed information
collection; ways to enhance the quality, utility, and clarity of the
information to be collected; and ways to minimize the burden of the
information collection on respondents, including the use of automated
collection techniques or other forms of information technology. OMB has
approved this information collection for use through April 30, 2025.
DoD, GSA, and NASA propose that OMB extend its approval for use for
three additional years beyond the current expiration date.
DATES: DoD, GSA, and NASA will consider all comments received by
January 28, 2025.
ADDRESSES: DoD, GSA, and NASA invite interested persons to submit
comments on this collection through <a href="https://www.regulations.gov">https://www.regulations.gov</a> and
follow the instructions on the site. This website provides the ability
to type short comments directly into the comment field or attach a file
for lengthier comments. If there are difficulties submitting comments,
contact the GSA Regulatory Secretariat Division at 202-501-4755 or
<a href="/cdn-cgi/l/email-protection#9addc9dbc8fffdc9fff9dafde9fbb4fdf5ec"><span class="__cf_email__" data-cfemail="e5a2b6a4b78082b68086a5829684cb828a93">[email protected]</span></a>.
Instructions: All items submitted must cite OMB Control No. 9000-
0067, Certain Federal Acquisition Regulation Part 16 Contract Pricing
Requirements. Comments received generally will be posted without change
to <a href="https://www.regulations.gov">https://www.regulations.gov</a>, including any personal and/or business
confidential information provided. To confirm receipt of your
comment(s), please check <a href="http://www.regulations.gov">www.regulations.gov</a>, approximately two-to-
three days after submission to verify posting.
FOR FURTHER INFORMATION CONTACT: Zenaida Delgado, Procurement Analyst,
at telephone 202-969-7207, or <a href="/cdn-cgi/l/email-protection#a8d2cdc6c9c1ccc986cccdc4cfc9ccc7e8cfdbc986cfc7de"><span class="__cf_email__" data-cfemail="ec9689828d85888dc28889808b8d8883ac8b9f8dc28b839a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
A. OMB Control Number, Title, and Any Associated Form(s)
9000-0067, Certain Federal Acquisition Regulation Part 16 Contract
Pricing Requirements.
B. Need and Uses
This clearance covers the information that contractors must submit
to comply with the following FAR requirements:
<bullet> FAR 52.216-2, Economic Price Adjustment--Standard
Supplies; FAR 52.216-3, Economic Price Adjustment--
[[Page 94731]]
Semistandard Supplies; and FAR 52.216-4, Economic Price Adjustment--
Labor and Material. These clauses require contractors on contracts that
provide for economic price adjustments to promptly notify the
contracting officer of any increases or decreases to established prices
or labor rates (including fringe) because of certain contingencies,
such as increases or decreases to established catalog or market prices
or changes to cost indexes for labor or materials.
The contracting officer uses the information provided by the
contractor to negotiate price adjustments under the contract due to the
contingency specified in the contract.
<bullet> FAR 52.216-5, Price Redetermination-Prospective. Paragraph
(c) of this clause requires a contractor on a fixed-price contract with
prospective price redetermination to submit to the Government (within
an agreed upon timeframe) a statement of costs incurred for the most
recent period of performance, the proposed prices for the upcoming
contract period, and any supporting or relevant documentation. Per
paragraph (h) of this clause, during periods where firm prices have not
been established, the contractor must also submit quarterly statements
that includes a breakdown of total contract prices, costs, and profit
incurred and all invoices accepted for delivered items or services for
which final prices have not been established.
The contracting officer uses the information to negotiate/
redetermine fair and reasonable prices for supplies and services that
may be delivered or performed under the contract in the period
following the effective date of price redetermination.
<bullet> FAR 52.216-6, Price Redetermination--Retroactive.
Paragraph (c) of this clause requires a contractor on a fixed-ceiling-
price contract with retroactive price redetermination to submit to the
Government (within an agreed upon timeframe after completion of the
contract) the proposed prices, all costs incurred in performing the
contract, and any supporting or relevant documentation. Per paragraph
(g) of this clause, until final price redetermination has been
completed, the contractor must also submit a quarterly statement that
includes a breakdown of total contract prices, costs, and interim
profit incurred and all invoices accepted for delivered items.
The contracting officer uses the information provided by the
contractor to negotiate/redetermine fair and reasonable prices for
supplies and services that have already been delivered or performed
under the contract.
<bullet> FAR 52.216-16, Incentive Price Revision--Firm Target; and
FAR 52.216-17, Incentive Price Revision--Successive Targets. These
clauses require contractors on fixed price incentive (firm or
successive target) contracts to submit to the Government on a quarterly
basis a statement regarding total contract prices, costs, portions of
interim profit, and amounts of invoices or vouchers for completed work
that is cumulative from the beginning of the contract (see 52.216-16(g)
and 52.216-17(i)). Upon final delivery of supplies or completion of
services for covered line items, the contractor is required to submit a
detailed statement of all costs incurred up to the end of that month in
performing all work under the items; an estimate of costs of further
performance, if any, that may be necessary to complete performance of
all work under the items; a list of all residual inventory and an
estimate of its value; and any other relevant data that the Contracting
Officer may reasonably require (see 52.216-16(c) and 52.216-17(e)).
Paragraph (c) of 52.216-17 also requires submission of data for
establishing the firm fixed price or a final profit adjustment formula.
The contracting officer uses the information provided by the
contractor to evaluate the contractor's performance in meeting the
incentive target and to negotiate the final prices of incentive-related
items and services.
C. Annual Burden
Respondents: 2,710.
Total Annual Responses: 45,260.
Total Burden Hours: 71,192.
Obtaining Copies: Requesters may obtain a copy of the information
collection documents from the GSA Regulatory Secretariat Division by
calling 202-501-4755 or emailing <a href="/cdn-cgi/l/email-protection#24637765764143774147644357450a434b52"><span class="__cf_email__" data-cfemail="55120614073032063036153226347b323a23">[email protected]</span></a>. Please cite OMB
Control No. 9000-0067, Certain Federal Acquisition Regulation Part 16
Contract Pricing Requirements.
William Clark,
Director, Office of Governmentwide Acquisition Policy, Office of
Acquisition Policy, Office of Governmentwide Policy.
[FR Doc. 2024-28053 Filed 11-27-24; 8:45 am]
BILLING CODE 6820-EP-P
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