Contractor's Qualifications and Financial Information; GSA Form 527

Forms and Documents

Document Name	Status
Form GSA 527 Contractor's Qualifications and Financial Information; GSA Form 527 Form and Instruction	Modified
3090-0007 Supporting Statement_2024.docx Supporting Statement A	2024-09-19

IC Document Collections

IC ID	Document Title	Status
32366	Contractor's Qualifications and Financial Information; GSA Form 527 Form and Instruction	Modified

ICR Details

OMB Control No: 3090-0007	ICR Reference No: 202409-3090-002
Status: Received in OIRA	Previous ICR Reference No: 202108-3090-001
Agency/Subagency: GSA	Agency Tracking No:
Title: Contractor's Qualifications and Financial Information; GSA Form 527
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/19/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2024
Responses	1,042	2,080
Time Burden (Hours)	1,563	3,120
Cost Burden (Dollars)	45,765	81,399

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Abstract: 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 financially 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 the GSA Form 527. After the CO has determined that there is a need for the prospective contractor to complete the GSA Form 527, an email request to the prospective contractor requesting the completion of the form is transmitted through the Office of Administrative Services (OAS). The form, once completed by the prospective contractor, is returned to OAS personnel for analysis, in accordance with industry guidelines and the provisions of the proposed contract.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 55594	07/04/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 76830	09/19/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

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

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ICR Summary of Burden

	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	1,042	2,080	0	-1,038	0	0
Annual Time Burden (Hours)	1,563	3,120	0	-1,557	0	0
Annual Cost Burden (Dollars)	45,765	81,399	0	-35,634	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Cutting Redundancy

Short Statement: ● Since the last report, the estimated total burden hours for the public decreased from 3,120 hours to 1,562 hours, and the number of requests for financial information to prospective contractors was reduced by 865, as a result of the 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. ● The hourly rate (plus fringe) was updated to reflect the rates effective January 2024, as opposed to January 2021.

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Annual Cost to Federal Government: $100,563

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/19/2024

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