The FAR Council submitted a request to the Office of Management and Budget to approve an extension of currently approved information collection requirements for termination settlement proposal forms – SF 1436 though SF 1440. The forms provide a standardized format for listing essential cost and inventory information needed to support the terminated contractor’s negotiation position (Fed. Reg. 45020). (Editor’s Note. When preparing termination settlement proposals for clients we often find these forms to be inadequate so we then request the termination contracting officer or prime contractor to allow other formats be used. The request has always been approved.) The FAR Council has also submitted to OMB a request to approve an extension of information collection requirements concerning subcontracting plans and subcontracting reporting for individual contracts. FAR 19.702 requires contractors receiving a contract for more than the simplified acquisition threshold to have small businesses, small disadvantaged businesses, women-owned small businesses and HUBZone small concerns participate in the contract performance as much as possible. So, contractors receiving a contract or modification to a contract expected to exceed $550,000 ($1 million for construction) must submit a subcontracting plan for utilizing the above mentioned firms and they must submit semiannual reports of their progress on SF 294 (Fed. Reg. 46477).

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