Price Redetermination--FAR Sections Affected: 16.205, 16.206, 52.216-5, and 52.216-6

Forms and Documents

Document	Type	Status	Availability
9000-0071 Supporting Statement.doc	Supporting Statement A	Uploaded 2019-08-13	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
36550	Price Redetermination-Prospective--FAR Section 52.216-5		Modified
237336	Price Redetermination-Retroactive--FAR Section 52.216-6		New

ICR Details

OMB Control No: 9000-0071	ICR Reference No: 201908-9000-004
Status: Active	Previous ICR Reference No: 201603-9000-005
Agency/Subagency: FAR	Agency Tracking No:
Title: Price Redetermination--FAR Sections Affected: 16.205, 16.206, 52.216-5, and 52.216-6
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: 09/14/2019
	Date Received in OIRA: 08/13/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2022	36 Months From Approved	09/30/2019
Responses	232	0	1,251
Time Burden (Hours)	1,856	0	10,008
Cost Burden (Dollars)	70,528	0	390,312

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Abstract: Firms performing under fixed-price contracts provision for price redetermination must provide cost data to the Government to support adjustments in the contract price.

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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:
	84 FR 18038	04/29/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 37875	08/02/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Price Redetermination-Prospective--FAR Section 52.216-5
Price Redetermination-Retroactive--FAR Section 52.216-6

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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	232	1,251	0	-1,019	0	0
Annual Time Burden (Hours)	1,856	10,008	0	-8,152	0	0
Annual Cost Burden (Dollars)	70,528	390,312	0	-319,784	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The total burden hours for both the public and the Government has decreased due to the availability of more in-depth data that better reflects when the contractor has to provide information to the Government in response to FAR clause 52.216-5 and 52.216-6; which resulted in a significant reduction in the number of respondents to the clauses.

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Annual Cost to Federal Government: $17,632

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 08/13/2019

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