16 Jun 2025
📝Review of Termination Settlement Proposal Forms by OMB
Submission for OMB Review; Termination Settlement Proposal Forms (SFs 1435-1440)
Summary
Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division has submitted to OMB a request to review and approve an extension of a previously approved information collection requirement regarding termination settlement proposal forms (Standard Forms 1435-1440).
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
- Federal Procurement Policy Office
- Management and Budget Office
Business Impact
$$ - Med
The notice pertains to the requirement for contractors to submit termination settlement proposal forms (SFs 1435-1440), which impacts compliance requirements for businesses involved in federal contracting. These forms are essential for reimbursement cost determinations, thus affecting financial processes for contractors.