Contractor's Qualifications and Financial Information; GSA Form 527

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.

The latest form for Contractor's Qualifications and Financial Information; GSA Form 527 expires 2027-11-30 and is listed under ICR 202409-3090-002.