88 FR 120 pgs. 41091-41092 - Information Collection Requirement; Defense Federal Acquisition Regulation Supplement, Contract Financing
Type: NOTICEVolume: 88Number: 120Pages: 41091 - 41092
Pages: 41091, 41092Docket number: [Docket Number DARS-2023-0009; OMB Control Number 0704-0359]
FR document: [FR Doc. 2023-13401 Filed 6-22-23; 8:45 am]
Agency: Defense Department
Sub Agency: Defense Acquisition Regulations System
Official PDF Version: PDF Version
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DEPARTMENT OF DEFENSE
Defense Acquisition Regulations System
[Docket Number DARS-2023-0009; OMB Control Number 0704-0359]
Information Collection Requirement; Defense Federal Acquisition Regulation Supplement, Contract Financing
AGENCY:
Defense Acquisition Regulations System, Department of Defense (DoD).
ACTION:
Notice.
SUMMARY:
The Defense Acquisition Regulations System has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.
DATES:
Consideration will be given to all comments received by July 24, 2023.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to https://www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the search function.
You may also submit comments, identified by docket number and title, by the following method: Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments.
FOR FURTHER INFORMATION CONTACT:
Angela Duncan, 571-372-7574, or whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.
SUPPLEMENTARY INFORMATION:
Title and OMB Number: Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing and Related Clauses at 252.232; OMB Control Number 0704-0359.
Affected Public: Businesses or other for-profit and not-for-profit institutions.
Respondents' Obligation: Required to obtain or retain benefits.
Frequency: On occasion.
Number of Respondents: 1,000.
Responses per Respondent: 14.
Annual Responses: 14,000.
Average Burden per Response: 1.2 hours.
Annual Burden Hours: 16,800.
Needs and Uses:
• DFARS 252.232-7007, Limitation of Government's Obligation. The data submitted by contractors enables contracting officers to calculate improved financing opportunities that will provide benefit to both industry (prime contractor and subcontractor level) and the taxpayer. DFARS 252.232-7007 is prescribed for use in solicitations and resultant incrementally-funded fixed-price contracts. Paragraph (c) of the clause requires a written notification from the contractor that: (1) states the estimated date when the total amount payable by the Government, including any cost for termination for convenience, will approximate 85 percent of the total amount then allotted to the contract for performance of the applicable items; (2) states an estimate of additional funding, if any, needed to continue performance of applicable line items up to the next scheduled date for allotment of funds or to a mutually agreed upon substitute date; and (3) advises the contracting officer of the estimated amount of additional funds that will be required for the timely performance of the items funded pursuant to the clause, for a subsequent period as may be specified in the allotment schedule or otherwise agreed to by the parties to the contract.
• DFARS subpart 232.10, Performance-Based Payments, 252.232-7012, Performance Based Payments-Whole Contract Basis, and 252.232-7013, Performance Based Payments-Deliverable-Item Basis. Contracting officers use the information provided by contractors to create a cash-flow model for use in evaluating alternative financing arrangements. The analysis tool calculates improved financing opportunities that will provide benefit to both industry (prime contractor and subcontractor level) and the taxpayer. DFARS subpart 232.10 requires the contracting officer, when considering performance-based payments, to obtain from the contractor a proposed performance-based payments schedule which includes all performance-based payments events, completion criteria and event values along with the expected expenditure profile.
[top] DFARS 252.232-7012 requires contractors to report the negotiated value of all previously completed performance-based payments; negotiated value of current performance-based payment events; cumulative negotiated value of performance-based payment events completed to date; total costs incurred to date; cumulative amount of payments previously requested; and the payment amount requested for the current performance based payment. DFARS 252.232-7013 requires contractors to report the negotiated value of current performance-based payment events; cumulative negotiated value of
DoD Clearance Officer: Ms. Angela Duncan. Requests for copies of the information collection proposal should be sent to Ms. Duncan at whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.
Jennifer D. Johnson,
Editor/Publisher, Defense Acquisition Regulations System.
[FR Doc. 2023-13401 Filed 6-22-23; 8:45 am]
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