Certain Federal Acquisition Regulation Part 32 Requirements - FAR Sections Affected: 32.408(b), 52.232-1 through 52.232-7, 52.232-10, 52.232-12, 52.232-20, 52.232-22, 52.232-27, 52.232-33, 52.232-34
Certain Federal Acquisition
Regulation Part 32 Requirements - FAR Sections Affected: 32.408(b),
52.232-1 through 52.232-7, 52.232-10, 52.232-12, 52.232-20,
52.232-22, 52.232-27, 52.232-33, 52.232-34
Extension without change of a currently approved collection
No
Regular
05/27/2025
Requested
Previously Approved
36 Months From Approved
07/31/2025
1,789,889
1,817,432
462,858
471,947
33,325,848
27,844,810
FAR 32.408, Application for advance
payments. In accordance with FAR 32.408(b), contractors requesting
advance payments must submit their request in writing to the
contracting officer and provide the following information: ● A
reference to the contract if the request concerns an existing
contract, or a reference to the solicitation if the request
concerns a proposed contract. ● A cash flow forecast showing
estimated disbursements and receipts for the period of contract
performance. ● The proposed total amount of advance payments. ● The
name and address of the financial institution at which the
contractor expects to establish a special account as depository for
the advance payments. ● A description of the contractor's efforts
to obtain unguaranteed private financing or a V-loan under eligible
contracts. FAR 52.232-1 through 52.232-4, 52.232-6, 52.232-7, and
52.232-10 - Payments. This clause requires the contractor's request
for progress payments to include substantiation. FAR 52.232-12,
Advance Payments. For authority behind this clause, see the
authority for advance payments cited in the narrative above for FAR
32.408. If advance payments are authorized, this clause requires
contractors to submit the following: ● Per paragraph (g) - The
financial institution agreement, in the form prescribed by the
administering office, establishing the special account, and clearly
setting forth the special character of the account and the
responsibilities of the financial institution under the account. ●
Per paragraph (i)(3) – Notification of a lien in favor of the
Government to a third person receiving any items or materials on
which the Government has a lien, and a receipt from that third
person acknowledging the existence of the lien. Contractors are
also required to provide a copy of each receipt to the contracting
officer. ● Per paragraph (m) – (1) Monthly, signed or certified
balance sheets and profit and loss statements together with a
report on the operation of the special account in the form
prescribed by the administering office; and (2) If requested, other
information concerning the operation of the contractor's business.
(This same requirement is at paragraph (j) of the clause with its
Alternate V.) FAR 52.232-20 and 52.232-22 - Limitation of Costs or
Funds. FAR clause 52.232-20, Limitation of Cost, requires the
contractor to notify the contracting officer in writing whenever it
has reason to believe that - ● The costs the contractors expect to
incur under the contract in the next 60 days, when added to all
costs previously incurred, will exceed 75 percent of the estimated
cost of the contracts; or ● The total cost for the performance of
the contract will be greater or substantially less than estimated.
FAR clause 52.232-22, Limitation of Funds, requires the contractor
to notify the contracting officer in writing whenever it has reason
to believe that the costs it expects to incur under the contract in
the next 60 days, when added to all costs previously incurred, will
exceed 75 percent of (1) the total amount so far allotted to the
contract by the Government or, (2) if this is a cost-sharing
contract, the amount then allotted to the contract by the
Government plus the contractor's corresponding share. FAR
52.232-27, Prompt Payment for Construction Contracts. The authority
for this FAR clause is the OMB prompt payment regulations at 5 CFR
Part 1315, which in turn implements the Prompt Payment statute. FAR
52.232-33, Payment by Electronic Funds Transfer—System for Award
Management. FAR clause 52.232-33 requires contractors to provide
updated EFT information in the System for Award Management (SAM) if
their information changes. FAR 52.232-34, Payment by Electronic
Funds Transfer—Other than System for Award Management. This clause
requires contractors to provide information to enable the
Government to make payments under the contract by EFT.
This extension includes
adjustments to the public and Government burden estimates based on
the following: ○ The estimated number of respondents and responses
per year is based on the average of FPDS data for the three most
recent fiscal years (2022 through 2024). The use of more recent
data resulted in changes to the number of respondents and average
contracts per respondent for the individual burden estimates, which
in turn resulted in the reduction to the total annual public burden
hours. The parameters for data pulled from FPDS for each clause
are— ■ consistent with the prescription for each clause, and ■
identical to the parameters used for the previous extension, which
used fiscal years 2019 through 2021 FPDS data. ○ The estimated cost
per hour is based on use of the calendar year 2025 OPM GS wage rate
for the rest of the United States.
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.