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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
2900-0688 30-day FRN 89FR48030 June4 2024.pdf	Supplementary Document	Uploaded 2024-06-11	Repair queued
2900-0688 60-Day 89FR20536 22MAR 2024.pdf	Supplementary Document	Uploaded 2024-05-29	Repair queued
2900-0688 Suporting Statement for 30-Day FRN 12JUN2024.docx	Supporting Statement A	Uploaded 2024-06-12	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
44137	Department of Veterans Affairs (VA) Acquisition Regulation Sections 832.006-4 and 832.202-4	Instruction	Modified

ICR Details

OMB Control No: 2900-0688	ICR Reference No: 202403-2900-010
Status: Active	Previous ICR Reference No: 202103-2900-024
Agency/Subagency: VA	Agency Tracking No: 2900-0688
Title: Department of Veterans Affairs (VA) Acquisition Regulation Section 832.202-4 Security for Government Financing
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 07/15/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/12/2024
Terms of Clearance: OMB is approving this information collection request for a period of three years during which time the agency will request approval to extend or revise the collection if the agency seeks to continue the information collection activity beyond the period approved under this action.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2027	36 Months From Approved	07/31/2024
Responses	847	0	63
Time Burden (Hours)	424	0	63
Cost Burden (Dollars)	0	0	0

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Abstract: To comply with 41 U.S.C. 4505 requiring the Government to obtain adequate security for Government financing, VA Acquisition Regulation (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. The information that is gathered under 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.

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Authorizing Statute(s): US Code: 41 USC 4505 Name of Law: Payments for commercial products and commercial services
  

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:
	89 FR 20536	03/22/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 48030	06/04/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

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

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ICR Summary of Burden

table that charts list 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	847	63	0	784	0	0
Annual Time Burden (Hours)	424	63	0	361	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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: No

Burden Reduction Due to:

Short Statement: Burden hours increased by 784 due to the increased respondents from 63 to 847. Burden cost increased by $32,690 due to increased BLS rate from $58.88 in 2019 to $85.95 in 2022 plus the increase in the respondents.

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Annual Cost to Federal Government: $11,663

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: 06/12/2024

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