[Federal Register: February 8, 1999 (Volume 64, Number 25)]
[Notices]               
[Page 6055]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08fe99-50]

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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0068]

 
Proposed Collection; Comment Request Entitled Economic Price 
Adjustment

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 Economic Price 
Adjustment. The clearance currently expires on May 31, 1999.

DATES: Comments may be submitted on or before April 9, 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. 9000-0068, Economic Price Adjustment, 
in all correspondence.

FOR FURTHER INFORMATION CONTACT: Ralph DeStefano, Federal Acquisition 
Policy Division, GSA (202) 501-1758.

SUPPLEMENTARY INFORMATION:

A. Purpose

    A fixed-price contract with economic price adjustment provides for 
upward and downward revision of the stated contract price upon 
occurrence of specified contingencies. In order for the contracting 
officer to be aware of price changes, the firm must provide pertinent 
information to the Government. The information is used to determine the 
proper amount of price adjustments required under the contract.

B. Annual Reporting Burden

    Public reporting burden for this collection of information is 
estimated to average 15 minutes per response, 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, 
7,200; responses per respondent, 1; total annual responses, 7,200; 
preparation hours per response, .25; and total response burden hours, 
1,800.

Obtaining Copies of Proposals

    Requester may obtain a copy of the justification from the General 
Services Administration, FAR Secretariat (MVRS), Room 4035, 1800 F 
Street, NW, Washington, DC 20405, telephone (202) 208-7312. Please cite 
OMB Control No. 9000-0068, Economic Price Adjustment, in all 
correspondence.

    Dated: February 2, 1999.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 99-2883 Filed 2-5-99; 8:45 am]
BILLING CODE 6820-34-P