Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4

ICR 201604-9000-004

OMB: 9000-0068

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-04-22
IC Document Collections
ICR Details
9000-0068 201604-9000-004
Historical Active 201207-9000-006
FAR
Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4
Revision of a currently approved collection   No
Regular
Approved without change 06/30/2016
Retrieve Notice of Action (NOA) 04/22/2016
  Inventory as of this Action Requested Previously Approved
06/30/2019 36 Months From Approved 06/30/2016
4,497 0 11,945
6,746 0 17,918
310,293 0 0

Firms performing under Government contracts that provide for economic price adjustments must provide certified information to the Government regarding prices and price changes.

None
None

Not associated with rulemaking

  81 FR 3420 01/21/2016
81 FR 21870 04/13/2016
No

1
IC Title Form No. Form Name
Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4

  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 4,497 11,945 0 -7,448 0 0
Annual Time Burden (Hours) 6,746 17,918 0 -11,172 0 0
Annual Cost Burden (Dollars) 310,293 0 0 310,293 0 0
No
Yes
Miscellaneous Actions
The estimated annual reporting burden has decreased from what was published in the Federal Register at 78 FR 12318, on February 22, 2013. The estimated total burden hours has decreased from 11,945 to 4,497. The downward adjustment is based on information from the Federal Procurement Data System. The number of responses is adjusted from 11,945 to 4,497 based on FPDS data, and the estimated hours per response of 1.5 hours remains the same. The 1.5 hours allows for additional time to meet the requirements under the relevant clauses.

$206,862
No
No
No
No
No
Uncollected
Michael Jackson 2022084949 MichaelO.Jackson@gsa.gov

  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.
04/22/2016


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