Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and clause at DFARS 252.232-7007, Limitation of Government's Obligation

ICR 201703-0704-003

OMB: 0704-0359

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-03-29
ICR Details
0704-0359 201703-0704-003
Historical Active 201401-0704-011
DOD/DODDEP
Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and clause at DFARS 252.232-7007, Limitation of Government's Obligation
Revision of a currently approved collection   No
Regular
Approved without change 05/30/2017
Retrieve Notice of Action (NOA) 03/31/2017
  Inventory as of this Action Requested Previously Approved
05/31/2020 36 Months From Approved 05/31/2017
1,800 0 800
1,800 0 800
90,000 0 42,400

DFARS clause 252.232-7007, Limitation of Government's Obligation, identifies procedures for incrementally funding a fixed-price contract and requires contractors to provide written notice when the work will reach the point at which the amount payable by the Government approximated 85% of the funds allotted. DFARS subpart 232.10, Performance Based Payments, addresses data necessary for the contracting officer to populate the Performance Based Payments analysis tool, which is a cash-flow model used to evaluate alternative financing.

US Code: 41 USC 421 Name of Law: Federal Acquisition Regulatory Council
  
None

Not associated with rulemaking

  81 FR 96444 12/30/2016
82 FR 15194 03/27/2017
No

  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 1,800 800 0 0 1,000 0
Annual Time Burden (Hours) 1,800 800 0 0 1,000 0
Annual Cost Burden (Dollars) 90,000 42,400 0 0 47,600 0
No
No
This justification supports renewal of the information collection requirements previously approved under OMB Control Number 0704-0359 and incorporation of the information collection requirements previously approved under OMB Control Number 0704-0485. There is no change to the respondent reporting burdens associated with information collection requirements previously approved under both OMB Control Numbers. However, the cost to the public has increased due to the use of more current cost per hour data available from the Office of Personnel Management.

$90,000
No
No
No
No
No
Uncollected
Jennifer Hawes 571 372-6115 jennifer.l.hawes2.civ@mail.mil

  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.
03/31/2017


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