Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4

Forms and Documents

Document	Type	Status	Availability
9000-0068_Supporting Statement 2-19-13.docx	Supporting Statement A	Uploaded 2013-02-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
36539	Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4		Modified

ICR Details

OMB Control No: 9000-0068	ICR Reference No: 201207-9000-006
Status: Historical Active	Previous ICR Reference No: 200911-9000-009
Agency/Subagency: FAR	Agency Tracking No:
Title: Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/09/2013
	Date Received in OIRA: 02/26/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2016	36 Months From Approved	04/30/2013
Responses	11,945	0	5,346
Time Burden (Hours)	17,918	0	1,337
Cost Burden (Dollars)	0	0	0

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Abstract: Firms performing under Government contracts that provide for economic price adjustments must provide certified information to the Government regarding prices and price changes.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 69442	11/19/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 12318	02/22/2013
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	11,945	5,346	0	6,599	0	0
Annual Time Burden (Hours)	17,918	1,337	0	16,581	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This submission requests an extension of OMB approval of an information collection requirement in the (FAR). The information collection requirement in the FAR remains unchanged. The estimated annual reporting burden has increased from what was published in the Federal Register at 74 FR 64085, on December 7, 2009. The estimated total burden hours has increased from 1,337 to 17,918. The upward adjustment on based on information from the Federal Procurement Data System and consideration of information from the public comments. The number of responses is adjusted from 5,346 to 11,945 based on FPDS data, and the estimated hours per response is adjusted from 15 minutes to 1.5 hours based on public comments. The respondent stated that 15 minutes per responses only accounted for one-third of the effort. The 1.5 hours allows for additional time to meet the requirements under the relevant clauses.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/26/2013

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