2026-15548NoticeWallet

Defense Logs OMB Request for Financing Form Follies

Published Date: 7/31/2026

Notice

Summary

The Defense Acquisition Regulations System has submitted to OMB for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 2 costs, 0 mixed.

Notify When 85% of Funds Reached

If you are a DoD contractor, you must send a written notice when the contract amount payable is estimated to reach about 85% of the total funds allotted. The notice must state (1) the estimated date you will reach ~85%, (2) any estimate of additional funding needed to continue performance to the next allotment date, and (3) the estimated additional funds required for timely performance.

Report Performance-Based Payment Details

DoD contractors must report detailed performance-based payment information used to build cash-flow models. Required data include negotiated value of previously completed and current performance-based payments, cumulative values completed to date, total costs incurred to date, cumulative payments previously requested, and the payment amount requested for the current event.

Paperwork Burden Reduced; Current Stats

The DoD reports the OMB collection (0704-0359) burden has been reduced. Current statistics: 915 respondents, about 2,463 annual responses, an average burden of 1.13 hours per response, and 2,790 annual burden hours.

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Key Dates

Published Date
Comments Due
7/31/2026
8/31/2026

Department and Agencies

Department
Independent Agency
Agency
Defense Department
Defense Acquisition Regulations System
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