Name of Information Collection: NASA Contractor Financial Management Records

Status Report From: NASA HQ
Posted: Saturday, January 22, 2022

[Federal Register Volume 87, Number 10 (Friday, January 14, 2022)] [Notices] [Pages 2462-2463] From the Federal Register Online via the Government Publishing Office [] [FR Doc No: 2022-00648]


[Notice: 22-003]

Name of Information Collection: NASA Contractor Financial Management Records

AGENCY: National Aeronautics and Space Administration (NASA).

ACTION: Notice of information collection.

SUMMARY: The National Aeronautics and Space Administration, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections.

DATES: Comments are due by March 15, 2022.

ADDRESSES: Written comments and recommendations for this information collection should be sent within 60 days of publication of this notice to Find this particular information collection by selecting ``Currently under 60-day Review--Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the information collection instrument(s) and instructions should be directed to Claire Little, NASA Clearance Officer, NASA Headquarters, 300 E Street SW, JF0000, Washington, DC 20546, 202-358- 2375 or email


I. Abstract

The NASA Contractor Financial Management Reporting System is the basic financial medium for contractor reporting of estimated and incurred costs, providing essential data for projecting costs and hours to ensure that contractor performance is realistically planned and supported by dollar and labor resources. The data provided by these reports is an integral part of the Agency's accrual accounting and cost-based budgeting system. Respondents are reimbursed for associated cost to provide the information, per their negotiated contract price and associated terms of the contract. There are no ``total capital and start-up'' or ``total operation and maintenance and purchase of services'' costs associated since NASA policy requires that data reported is generated from the contractors' existing system. The contractors' internal management system shall be relied upon to the maximum extent possible.

II. Methods of Collection

NASA collects this information electronically and that is the preferred manner, however information may also be collected via mail or fax.

III. Data

    Title: NASA Contractor Financial Management Reports.

    OMB Number: 2700-0003.

    Type of Review: Renewal of a previously approved collection.

    Affected Public: Business or other for profit or not-for-profit institutions.

    Estimated Annual Number of Activities: 500.

    Estimated Number of Respondents per Activity: 12.

    Annual Responses: 6,000.

    Estimated Time per Response: 9 hours.

    Estimated Total Annual Burden Hours: 54,000 hours.

    Estimated Total Annual Cost: $9,100,000.

IV. Request for Comments

Comments are invited on: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of NASA, including whether the information collected has practical utility; (2) the accuracy of NASA's estimate of the burden (including hours and cost) of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including automated collection techniques or the use of other forms of information technology.

Comments submitted in response to this notice will be summarized and included in the request for OMB approval of this information collection. They will also become a matter of public record.

Lori Parker, NASA PRA Clearance Officer. [FR Doc. 2022-00648 Filed 1-13-22; 8:45 am] BILLING CODE 7510-13-P

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