48 CFR §232.072-1

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗

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. (1)The contractor is on a list requiring preaward clearance or other special clearance before award;
2. (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. (3)The contractor may receive Government assets such as contract financing payments or Government property;
4. (4)The contractor is experiencing performance difficulties on other work; or
5. (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. (1)Any of the conditions in paragraphs (a)(2) through (a)(5) of this subsection are applicable; or
2. (2)There is any other reason to question the contractor's ability to finance performance and completion of the contract.