Contractor's Qualifications and Financial Information; GSAM Sections Affected: GSAM 509.105-1 & GSA Form 527

Forms and Documents

Document Name	Status
Form GSA 527 Contractor's Qualifications and Financial Information; GSAM Sections Affected: GSAM 509.105-1 & GSA Form 527 Form	Modified
3090-0007_Supporting Statement.docx Supporting Statement A	2015-08-05

IC Document Collections

IC ID	Document Title	Status
32366	Contractor's Qualifications and Financial Information; GSAM Sections Affected: GSAM 509.105-1 & GSA Form 527 Form	Modified

ICR Details

OMB Control No: 3090-0007	ICR Reference No: 201506-3090-003
Status: Historical Active	Previous ICR Reference No: 201112-3090-014
Agency/Subagency: GSA	Agency Tracking No:
Title: Contractor's Qualifications and Financial Information; GSAM Sections Affected: GSAM 509.105-1 & GSA Form 527
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/14/2015
	Date Received in OIRA: 08/13/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2018	36 Months From Approved	09/30/2015
Responses	3,528	0	3,528
Time Burden (Hours)	5,292	0	8,820
Cost Burden (Dollars)	79,803	0	0

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Abstract: The information is gathered on the subject form at the request of contracting officers for the purpose of determining the financial responsibility of prospective contractors (bidders).

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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:
	80 FR 27309	05/13/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 46582	08/05/2015
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; GSAM Sections Affected: GSAM 509.105-1 & GSA Form 527	GSA 527	Contractor's Qualifications and Financial Information

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ICR Summary of Burden

	Total Approved	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	3,528	3,528	0	0	0	0
Annual Time Burden (Hours)	5,292	8,820	0	-3,528	0	0
Annual Cost Burden (Dollars)	79,803	0	0	79,803	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: Using Information Technology

Short Statement: The estimated annual burden has decreased since GSA's 2012 submission from 8,820 burden hours to 5,292 burden hours to reflect the widespread use of the option for potential contractors to submit financial statements and balance sheets in lieu of completing the applicable fields on GSA Form 527. The alternate submission of financial statements and balance sheets significantly reduces the burden on prospective contractors, as these documents are generally readily available. As such, the average estimated hours to complete a response has been reduced from 2.5 hours per response to 1.5 hours.

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Annual Cost to Federal Government: $103,935

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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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: 08/13/2015

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