Advance payments may be authorized under Federal contracts and subcontracts. Advance payments are the least preferred method of contract financing and require special determinations by the agency head or designee. Specific financial information about the contractor is required before such payments can be authorized.
The annual public burden increased to include burden unaccounted for in the previous renewal. However, as a result, the total burden decreased by 1,756 hours due to a decrease in the estimated number of respondents, partially offset by an increase in the number of estimated responses per respondent. The revised number of responses per respondent accounts for the supplemental monthly information submission required by FAR 52.232-12(m) and paragraph (j) within Alternate V that was not properly accounted for in the previous information collection request.
$61,490
No
No
No
No
No
No
Uncollected
Kevin Funk 202 357-5805
No
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.