View Information Collection Request (ICR) Package

OMB Control No: 3090-0007	ICR Reference No: 201808-3090-002
Status: Historical Active	Previous ICR Reference No: 201506-3090-003
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: 09/12/2018
	Date Received in OIRA: 08/01/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2021	36 Months From Approved	09/30/2018
Responses	3,050	0	3,528
Time Burden (Hours)	4,575	0	5,292
Cost Burden (Dollars)	113,003	0	79,803

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).

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:
	83 FR 7184	02/20/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 32297	07/12/2018
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; GSAM Sections Affected: GSAM 509.105-1 & GSA Form 527	GSA 527

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	3,050	3,528	-478
Annual Time Burden (Hours)	4,575	5,292	-717
Annual Cost Burden (Dollars)	113,003	79,803	33,200

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 5,292 hours to 4,575 hours, and the number of requests for financial information to prospective contractors was reduced by 477. 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 GSA deciding to make several adjustments to how it calculates and reports the estimated burden costs for the public and the government. The adjustments were as follows: ● GSA used the same data source to calculate the cost per hour for the public and the government. Previously, the report used the Wage Rate Requirements to calculate the public’s cost per hour. Contrastly, the Office of Personnel Management’s General Schedule Tables were used to calculate the government’s cost per hour; and ● GSA incorporated fully burdened rates (i.e. base salary, inflation, locality, and fringe benefits) into its calculations so that costs are presented appropriately.

Annual Cost to Federal Government: $165,615

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? Uncollected

Agency Contact: Johnnie McDowell 202 718-6112

View ICR - OIRA Conclusion