This collection is approved based on the revised materials provided by the FAR Council.
Inventory as of this Action
Requested
Previously Approved
04/30/2022
36 Months From Approved
04/30/2019
1,588
0
3,200
23,820
0
48,000
881,340
0
1,872,000
FAR part 48, value engineering is the technique by which contractors (1) voluntarily suggest methods for performing more economically and share in any resulting savings or (2) are required to establish a program to identify and submit to the Government methods for performing more economically. These recommendations are submitted to the Government as Value Engineering Change Proposals (VECPâs).
Based on adjustments to the number of unique vendors awarded a contract during Fiscal Year 2018 in the Federal Procurement Data System Data, the annual estimated reporting burden decreased.
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.