The Small Business Administration (SBA) is seeking approval from the Office of Management and Budget (OMB) to collect information regarding the Surety Bond Guarantee Program. This collection aims to update the status of completed contracts and provide a final accounting of contractor performances. SBA is inviting public comments until March 1, 2021, on whether this information gathering is necessary, if the burden estimates are accurate, and how it might be improved. Interested parties can send their comments to SBA's Agency Clearance Officer or OMB’s SBA Desk Officer.
Simple Explanation
The Small Business Administration (SBA) wants to check how well some building projects are finished by using information from companies that help with money guarantees. They are asking people to give them advice on whether this is important and how it can be better before March 1, 2021.