Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and clause at DFARS 252.232-7007, Limitation of Government's Obligation

Forms and Documents

Document	Type	Status	Availability
0704-0359 Supporting Statement 20170327.docx	Supporting Statement A	Uploaded 2017-03-29	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
5410	Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and clause at DFARS 252.232-7007, Limitation of Government's Obligation	Other-DFARS text and clause	Modified

ICR Details

OMB Control No: 0704-0359	ICR Reference No: 201703-0704-003
Status: Historical Active	Previous ICR Reference No: 201401-0704-011
Agency/Subagency: DOD/DODDEP	Agency Tracking No:
Title: Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and clause at DFARS 252.232-7007, Limitation of Government's Obligation
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: 05/30/2017
	Date Received in OIRA: 03/31/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2020	36 Months From Approved	05/31/2017
Responses	1,800	0	800
Time Burden (Hours)	1,800	0	800
Cost Burden (Dollars)	90,000	0	42,400

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Abstract: DFARS clause 252.232-7007, Limitation of Government's Obligation, identifies procedures for incrementally funding a fixed-price contract and requires contractors to provide written notice when the work will reach the point at which the amount payable by the Government approximated 85% of the funds allotted. DFARS subpart 232.10, Performance Based Payments, addresses data necessary for the contracting officer to populate the Performance Based Payments analysis tool, which is a cash-flow model used to evaluate alternative financing.

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Authorizing Statute(s): US Code: 41 USC 421 Name of Law: Federal Acquisition Regulatory Council
  

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:
	81 FR 96444	12/30/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 15194	03/27/2017
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and clause at DFARS 252.232-7007, Limitation of Government's Obligation

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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	1,800	800	0	0	1,000	0
Annual Time Burden (Hours)	1,800	800	0	0	1,000	0
Annual Cost Burden (Dollars)	90,000	42,400	0	0	47,600	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: This justification supports renewal of the information collection requirements previously approved under OMB Control Number 0704-0359 and incorporation of the information collection requirements previously approved under OMB Control Number 0704-0485. There is no change to the respondent reporting burdens associated with information collection requirements previously approved under both OMB Control Numbers. However, the cost to the public has increased due to the use of more current cost per hour data available from the Office of Personnel Management.

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Annual Cost to Federal Government: $90,000

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: 03/31/2017

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