Department of Veterans Affairs (VA) Acquisition Regulation Section 832.202-4 Security for Government Financing

ICR 202103-2900-024

OMB: 2900-0688

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-06-16
Supporting Statement A
2021-06-09
Supplementary Document
2021-06-09
ICR Details
2900-0688 202103-2900-024
Received in OIRA 201802-2900-006
VA 2900-0688
Department of Veterans Affairs (VA) Acquisition Regulation Section 832.202-4 Security for Government Financing
Extension without change of a currently approved collection   No
Regular 06/16/2021
  Requested Previously Approved
36 Months From Approved 10/31/2021
63 10
63 10
0 0

The information that is gathered under VAAR 832.202-4 will be used by the VA contracting officer to assess whether or not the contractor’s overall financial condition represents adequate security to warrant paying the contractor in advance. FAR subpart 32.2 authorizes the use of certain types of Government financing on commercial item purchases. 41 United States Code (U.S.C.) 255(f) requires the Government to obtain adequate security for Government financing. However, FAR 32.202-4(a)(2) provides that, subject to agency regulations, the contracting officer may determine that an offeror’s financial condition is adequate security. VAAR 832.202-4 Security for Government Financing specifies the type of information that the contracting officer may obtain to determine whether or not the offeror’s financial condition constitutes adequate security.

None
None

Not associated with rulemaking

  86 FR 16845 03/31/2021
86 FR 32143 06/16/2021
No

1
IC Title Form No. Form Name
Department of Veterans Affairs (VA) Acquisition Regulation Sections 832.006-4 and 832.202-4

  Total Request 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 63 10 0 53 0 0
Annual Time Burden (Hours) 63 10 0 53 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
Increased BLS hourly rate cost and increased number of respondents

$3,709
No
    No
    No
No
No
No
No
Rafael Taylor 202 382-2787 [email protected]

  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.
06/16/2021


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