Contractor's Qualifications and Financial Information; GSA Form 527

Forms and Documents

Document	Type	Status	Availability
Form GSA 527 Contractor's Qualifications and Financial Information; GSA Form 527	Form	Modified	Repair queued
3090-0007 Supporting Statement_2021 (1).docx	Supporting Statement A	Uploaded 2021-08-12	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
32366	Contractor's Qualifications and Financial Information; GSA Form 527	Form	Modified

ICR Details

OMB Control No: 3090-0007	ICR Reference No: 202108-3090-001
Status: Received in OIRA	Previous ICR Reference No: 201808-3090-002
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: 08/12/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	09/30/2021
Responses	2,080	3,050
Time Burden (Hours)	3,120	4,575
Cost Burden (Dollars)	81,399	113,003

---

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 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.

---

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 20159	04/16/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 33292	06/24/2021
Did the Agency receive public comments on this ICR? No

---

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

---

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	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

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: 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.

---

Annual Cost to Federal Government: $178,870

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

---

Common Form ICR:  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:

(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: 08/12/2021

---