Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and associated clauses

Forms and Documents

Document	Type	Status	Availability
0704-0359 Supporting Statement 2020.05.28.docx	Supporting Statement A	Uploaded 2020-05-28	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
5410	Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing	Other-DFARS Clause	Modified

ICR Details

OMB Control No: 0704-0359	ICR Reference No: 202005-0704-007
Status: Active	Previous ICR Reference No: 201703-0704-003
Agency/Subagency: DOD/DODDEP	Agency Tracking No:
Title: Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and associated clauses
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: 07/27/2020
	Date Received in OIRA: 05/29/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2023	36 Months From Approved	07/31/2020
Responses	14,000	0	1,800
Time Burden (Hours)	16,800	0	1,800
Cost Burden (Dollars)	1,458,240	0	90,000

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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 1707 Name of Law: OFPP Statute
  

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:
	85 FR 15143	03/17/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 32020	05/28/2020
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

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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	14,000	1,800	0	0	12,200	0
Annual Time Burden (Hours)	16,800	1,800	0	0	15,000	0
Annual Cost Burden (Dollars)	1,458,240	90,000	0	0	1,368,240	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: There is no change to the respondent reporting burdens associated with information collection requirements previously approved for 252.232-7007. The increase in responses and burden hours is due primarily to— • Increase in the estimated response hours from 1 to 10 hours to propose a performance-based payments schedule, which includes all performance-based payments events, completion criteria and event values along with the expected expenditure profile (increase of 9,000 hours); and • Inclusion of monthly responses providing the information required by 252.232-7012 and -7013, which results in an increase of 12,000 responses and 6,000 hours.

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Annual Cost to Federal Government: $90,000

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? No

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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: 05/29/2020

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