---
kind: "section"
citation: "48 C.F.R. § 232.072-1"
title: "48"
number: "232.072-1"
heading: "Required financial reviews."
url: "https://uscodex.org/cfr/48/232.072-1"
---

# §232.072-1. Required financial reviews.


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—

- (a) **Prior to award of a contract, when—**
  - (1) The contractor is on a list requiring preaward clearance or other special clearance before award;
  - (2) 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;
  - (3) The contractor may receive Government assets such as contract financing payments or Government property;
  - (4) The contractor is experiencing performance difficulties on other work; or
  - (5) **The contractor is a new company or a new supplier of the item.**
- (b) **At periodic intervals after award of a contract, when—**
  - (1) Any of the conditions in [paragraphs (a)(2) through (a)(5)](#a-2..a-5) of this subsection are applicable; or
  - (2) There is any other reason to question the contractor's ability to finance performance and completion of the contract.

## Notes

### 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]