đŸ“„Notice on Termination Settlement Proposal Forms Collection
Information Collection; Termination Settlement Proposal Forms (SFs 1435-1440)
Summary
In accordance with the Paperwork Reduction Act of 1995, and the Office of Management and Budget (OMB) regulations, DoD, GSA, and NASA invite the public to comment on an extension concerning termination settlement proposal forms (Standard Forms 1435-1440). DoD, GSA, and NASA invite comments on: whether the proposed collection of information is necessary for the proper performance of the functions of Federal Government acquisitions, including whether the information will have practical utility; the accuracy of the estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including the use of automated collection techniques or other forms of information technology. OMB has approved this information collection for use through February 28, 2026. DoD, GSA, and NASA propose that OMB extend its approval for use for three additional years beyond the current expiration date.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
Business Impact
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The document outlines a request for public comments on the extension of information collection regarding termination settlement proposal forms used in government contracts. This impacts businesses as it details the compliance requirements for contractors in federal acquisitions, which directly affects their operations and financial planning.