Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and associated clauses

ICR 202005-0704-007

OMB: 0704-0359

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-05-28
ICR Details
0704-0359 202005-0704-007
Active 201703-0704-003
DOD/DODDEP
Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing, and associated clauses
Revision of a currently approved collection   No
Regular
Approved without change 07/27/2020
Retrieve Notice of Action (NOA) 05/29/2020
  Inventory as of this Action Requested Previously Approved
07/31/2023 36 Months From Approved 07/31/2020
14,000 0 1,800
16,800 0 1,800
1,458,240 0 90,000

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 1707 Name of Law: OFPP Statute
  
None

Not associated with rulemaking

  85 FR 15143 03/17/2020
85 FR 32020 05/28/2020
No

1
IC Title Form No. Form Name
Defense Federal Acquisition Regulation Supplement (DFARS) Part 232, Contract Financing

  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 14,000 1,800 0 0 12,200 0
Annual Time Burden (Hours) 16,800 1,800 0 0 15,000 0
Annual Cost Burden (Dollars) 1,458,240 90,000 0 0 1,368,240 0
No
No
There is no change to the respondent reporting burdens associated with information collection requirements previously approved for 252.232-7007. The increase in responses and burden hours is due primarily to— • Increase in the estimated response hours from 1 to 10 hours to propose a performance-based payments schedule, which includes all performance-based payments events, completion criteria and event values along with the expected expenditure profile (increase of 9,000 hours); and • Inclusion of monthly responses providing the information required by 252.232-7012 and -7013, which results in an increase of 12,000 responses and 6,000 hours.

$90,000
No
    No
    No
No
No
No
No
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.
05/29/2020


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