§232.072-1. Required financial reviews.
48 C.F.R. § 232.072-1
The contracting officer shall perform a financial review when the contracting officer does not otherwise have sufficient information to make a positive determination of financial responsibility. In addition, the contracting officer shall consider performing a financial review—
Prior to award of a contract, when—
The contractor is on a list requiring preaward clearance or other special clearance before award;
The contractor is listed on the Consolidated List of Contractors Indebted to the Government (Hold-Up List), or is otherwise known to be indebted to the Government;
The contractor may receive Government assets such as contract financing payments or Government property;
The contractor is experiencing performance difficulties on other work; or
The contractor is a new company or a new supplier of the item.
At periodic intervals after award of a contract, when—
Any of the conditions in paragraphs (a)(2) through (a)(5) of this subsection are applicable; or
There is any other reason to question the contractor's ability to finance performance and completion of the contract.
Notes, amendments, and revision history
Amendments
[63 FR 11535, Mar. 9, 1998]
Authority
Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.
Source
Source: 56 FR 36409, July 31, 1991, unless otherwise noted.
Amendments
[63 FR 11535, Mar. 9, 1998]