Contractor's Qualifications and Financial Information; GSA Form 527

ICR 202108-3090-001

OMB: 3090-0007

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3090-0007 202108-3090-001
Received in OIRA 201808-3090-002
GSA
Contractor's Qualifications and Financial Information; GSA Form 527
Extension without change of a currently approved collection   No
Regular 08/12/2021
  Requested Previously Approved
36 Months From Approved 09/30/2021
2,080 3,050
3,120 4,575
81,399 113,003

In accordance with Part 9 of the Federal Acquisition Regulation (FAR), Contracting Officers (COs), as good stewards of taxpayers’ dollars, must determine if a prospective contractor is responsible through the review and examination of documentation that demonstrates that the prospective contractor’s resources are capable of meeting the needs outlined in the procurement. The information can be obtained by the CO through pre-award surveys, through audit reports, suppliers, subcontractors, customers of the prospective contractor, financial institutions, information available through Federal Awardee Performance and Integrity Information System (FAPIIS) such as information on the offeror and any immediate owner, predecessor, or subsidiary identified for that offeror in FAPIIS, including information that is linked to FAPIIS such as from System for Award Management (SAM), and Contractor Performance Assessment Reporting System (CPARS), as well as any other relevant and other verifiable information. Although there are many systems and methods of collecting the data, there are times when the information collected does not provide sufficient information for the CO to determine if the potential contractor is responsible. In these incidents the COs will request that the prospective contractor complete GSA Form 527.

None
None

Not associated with rulemaking

  86 FR 20159 04/16/2021
86 FR 33292 06/24/2021
No

1
IC Title Form No. Form Name
Contractor's Qualifications and Financial Information; GSA Form 527 GSA 527 Contractor's Qualifications and Financial Information

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,080 3,050 0 -970 0 0
Annual Time Burden (Hours) 3,120 4,575 0 -1,455 0 0
Annual Cost Burden (Dollars) 81,399 113,003 0 -31,604 0 0
No
Yes
Using Information Technology
Since the last report, the estimated total burden hours for the public decreased from 4,575 hours to 3,120 hours, and the number of requests for financial information to prospective contractors was reduced by 970. These reductions directly resulted from GSA’s widespread use of the option for potential contractors to submit readily available financial statements and balance sheets, in lieu of, completing the applicable fields on GSA Form 527. In spite of the significant reductions to the public and government’s burden costs associated with the submission of financial information, the costs presented in this report are higher than those reported previously. These higher cost estimates were due to increased base pay and locality pay in the 2021 version of the Salary Table-RUS, General Schedule (versus the 2018 table utilized in the most recent previous information collection renewal). The data utilized for this information collection is pulled from the Federal Procurement Data System Next Generation (FPDS-NG) via beta.sam.gov.

$178,870
No
    No
    No
No
No
No
No
Byron Boyer 817 850-5580 byron.boyer@gsa.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/12/2021


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