View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

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

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	3,528	3,528	0
Annual Time Burden (Hours)	5,292	8,820	-3,528
Annual Cost Burden (Dollars)	79,803	0	79,803

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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