# 2025-11061: Federal Contractors Get Another Round of Familiar Cost-Reporting Paperwork

2025-11061, Submission for OMB Review; Indirect Cost Rate Proposals, Payments to Small Business Subcontractors, and Bankruptcy Notifications, is a Federal Register notice from Management and Budget Office, Federal Procurement Policy Office, Defense Department, General Services Administration, National Aeronautics and Space Administration published 2025-06-16, effective Submit comments on or before July 16, 2025.; PRIA reads it as touching household money (as of 2026-11-02).

- Canonical: https://policyrisk.com/federal-register/2025-11061
- As of: 2026-11-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-11061
- Title: Submission for OMB Review; Indirect Cost Rate Proposals, Payments to Small Business Subcontractors, and Bankruptcy Notifications
- Type: Notice
- Agencies: Management and Budget Office; Federal Procurement Policy Office; Defense Department; General Services Administration; National Aeronautics and Space Administration
- Citation: 90 FR 25271
- Published: 2025-06-16
- Effective: Submit comments on or before July 16, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-02

## In one line

Federal Contractors Get Another Round of Familiar Cost-Reporting Paperwork

## Summary

Contractors working with the government need to keep submitting cost reports, payments info to small business partners, and bankruptcy alerts just like before. This notice asks for public feedback by July 16, 2025, to keep these rules in place without changes. If you’re a contractor or small business subcontractor, this keeps the paperwork steady and on schedule, helping everyone stay on the same page with costs and payments.

## Abstract

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 indirect cost rate proposals, payments to small business subcontractors, and bankruptcy notifications.

## Effects PRIA read

- Submit Final Indirect Cost Proposals: cost, high. If you are a government contractor, you must submit an adequate final indirect cost rate proposal within the 6-month period following the expiration of each fiscal year. The proposed rates must be based on your actual cost experience for that period and may be certified under FAR clause 52.242-4 to…
- Report Late or Reduced Subcontractor Payments: benefit, low. Prime contractors must self-report to the contracting officer when they make late or reduced payments to small business subcontractors and must include the reason(s) for the reduced or untimely payment. The contracting officer records contractors with such a history in the Federal Awardee Performan…
- Five-Day Bankruptcy Notification Requirement: cost, low. Contractors must notify the contracting officer within five days after initiating proceedings related to a bankruptcy filing. The contracting officer uses the notification to assess the contractor's ability to perform the government contract.
- Overall Paperwork Burden Totals: cost, high. The information collection covers 6,265 respondents, with a total of 6,265 annual responses and a total burden of 1,504,083 hours per year associated with these clauses (FAR 52.216-7, 52.216-15, 52.242-4, 52.242-5, and 52.242-13).

## Related documents

- [2026-19160](https://policyrisk.com/federal-register/2026-19160): Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 16, 17, and 35, 2026-09-18
- [2025-10610](https://policyrisk.com/federal-register/2025-10610): Federal Acquisition Regulation: Small Business Participation on Certain Multiple-Award Contracts, 2025-06-12
- [2025-08022](https://policyrisk.com/federal-register/2025-08022): Federal Acquisition Regulation: List of Domestically Nonavailable Articles, 2025-05-12
- [2026-20271](https://policyrisk.com/federal-register/2026-20271): Information Collection; Federal Acquisition Regulation Part 11 Requirements, 2026-10-02
- [2026-20270](https://policyrisk.com/federal-register/2026-20270): Information Collection; Presolicitation Notice and Response, 2026-10-02
- [2026-20127](https://policyrisk.com/federal-register/2026-20127): Submission for OMB Review; Acquisition 360 Voluntary Survey, 2026-10-01

## Sources
- [2025-11061 on federalregister.gov](https://www.federalregister.gov/documents/2025/06/16/2025-11061/submission-for-omb-review-indirect-cost-rate-proposals-payments-to-small-business-subcontractors-and)
- [2025-11061 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-06-16/pdf/2025-11061.pdf)

## Related
- [Previous: 2025-11060, Submission for OMB Review; Termination Settlement Proposal Forms (SFs 1435-1440)](https://policyrisk.com/federal-register/2025-11060)
- [Next: 2025-11062, Submission for OMB Review; Federal Acquisition Regulation Part 46 Requirements](https://policyrisk.com/federal-register/2025-11062)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-11061 (as of 2026-11-02).