This collection should be resubmitted when the final rule is ready for OMB review.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
The General Services Administration Acquisition manual (GSAR) at GSAR 538.273(b)(1) prescribes an Industrial Funding Fee (IFF) and Sales Reporting clause for use in all multiple and single award schedule (MAS) solicitations and contracts. The clause, which is at 552.238-74, requires all contractors to report quarterly all contract sales to include the IFF, under the awarded contract within 30 calendar days of each reporting quarter. The IFF is included in the award price(s) and reflected in the total amount charged to ordering activities. Contractors remit the IFF at the rate set by General Services Administration's Federal Acquisition Service (FAS).
US Code:
41 USC 121(c)
Name of Law: Administrator of General Services; additional duties
The differences that exist between the justifications for the collection as it was previously approved and as it exists now are based on current data updating the number of FSS Schedule contractors from a previous count of 17,000. An estimated annualized cost to the public is provided. Also, estimated annualized cost to the Government was increased to account for the increase in salary from a GS 5/step 4 to a GS 12/step 5. In addition, the previous information collection inaccurately reported 20 responses per respondent, which included 4 responses per year for one 5-five year base period. However, information collections are based on annual numbers. The IFF is reported quarterly; thus, 4 responses per respondent annually. As such, the numbers have been updated to accurately reflect the reporting burden.
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:
(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;
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.