Federal Acquisition Regulation; Information Collection; Advance Payments, 28516 [05-9849]

Download as PDF 28516 Federal Register / Vol. 70, No. 95 / Wednesday, May 18, 2005 / Notices 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. 9000–0070, Payments, in all correspondence. Dated: April 29, 2005 Julia B. Wise, Director,Contract Policy Division. [FR Doc. 05–9848 Filed 5–17–05; 8:45 am] BILLING CODE 6820–EP–S DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0073] Federal Acquisition Regulation; Information Collection; Advance Payments 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. AGENCIES: 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 advance payments. The clearance currently expires on July 31, 2005. 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 18, 2005. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, VerDate jul<14>2003 14:03 May 17, 2005 Jkt 205001 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: Jeremy Olson, Contract Policy Division, GSA (202) 501–3221. SUPPLEMENTARY INFORMATION: Notice of request for public comments regarding an extension to an existing OMB clearance. ACTION: Dated: April 29, 2005 Julia B. Wise, Director, Contract Policy Division. [FR Doc. 05–9849 Filed 5–17–05; 8:45 am] 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 costs/funds. The clearance currently expires on August 31, 2005. 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 18, 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: Mr. Jeremy F. Olson, Contract Policy Division, GSA (202) 501–3221. SUPPLEMENTARY INFORMATION: BILLING CODE 6820–EP–S A. Purpose A. Purpose Advance payments may be authorized under Federal contracts and subcontracts. Advance payments are the least preferred method of contract financing and require special determinations by the agency head or designee. Specific financial information about the contractor is required before determinations by the agency head or designee. Specific financial information about the contractor is required before such payments can be authorized (see FAR Subpart 32.4 and 52.232–12). The information is used to determine if advance payments should be provided to the contractor. B. Annual Reporting Burden Respondents: 500. Responses Per Respondent: 1. Annual Responses: 500. Hours Per Response: 1. Total Burden Hours: 500. 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. 9000–0073, Advance Payments, in all correspondence. DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0074] Federal Acquisition Regulation;Information Collection; Contract Funding—Limitation of Costs/ Funds AGENCIES: Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). PO 00000 Frm 00011 Fmt 4703 Sfmt 4703 Firms performing under Federal costreimbursement 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 Respondents: 53,456. Responses Per Respondent: 1. E:\FR\FM\18MYN1.SGM 18MYN1

Agencies

[Federal Register Volume 70, Number 95 (Wednesday, May 18, 2005)]
[Notices]
[Page 28516]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-9849]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0073]


Federal Acquisition Regulation; Information Collection; Advance 
Payments

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 advance 
payments. The clearance currently expires on July 31, 2005.
    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 18, 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:  Jeremy Olson, Contract Policy 
Division, GSA (202) 501-3221.

SUPPLEMENTARY INFORMATION:

A. Purpose

    Advance payments may be authorized under Federal contracts and 
subcontracts. Advance payments are the least preferred method of 
contract financing and require special determinations by the agency 
head or designee. Specific financial information about the contractor 
is required before determinations by the agency head or designee. 
Specific financial information about the contractor is required before 
such payments can be authorized (see FAR Subpart 32.4 and 52.232-12). 
The information is used to determine if advance payments should be 
provided to the contractor.

B. Annual Reporting Burden

    Respondents: 500.
    Responses Per Respondent: 1.
    Annual Responses: 500.
    Hours Per Response: 1.
    Total Burden Hours: 500.
    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. 9000-0073, Advance Payments, in all correspondence.

    Dated: April 29, 2005
Julia B. Wise,
Director, Contract Policy Division.
[FR Doc. 05-9849 Filed 5-17-05; 8:45 am]
BILLING CODE 6820-EP-S