Firms performing under Federal cost-reimbursement contracts must notify the Government when incurred costs will exceed 75 percent of the estimated cost. or when the total cost for the performance of the contracts will be greater or substantially less than estimated.
The total annual public burden decreased by 36,902 hours due to a decrease in the number of respondents per year based on contracting data from the latest fiscal year. The number of responses per respondent increased to account for respondents having multiple contracts with the Government based on the latest contracting data. In addition, the estimated costs to the public were adjusted based on an update to the wage rates for the personnel preparing or submitting the information.
$318,120
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.