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48 CFR · Federal Acquisition Regulation and Defense supplement

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The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

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39 sections with “financial responsibility”

  • DFARS 232.072 Financial responsibility of contractors.
    Use the policies and procedures in this section in determining the financial capability of current or prospective contractors.
  • FAR 52.247-6 Financial Statement.
    …on or for transportation-related services to ensure that offerors are prepared to furnish financial statements: Financial Statement (APR 1984) The offeror shall, upon request, promptly furnish the Government with a current certified state…
  • DFARS 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 co…
  • DFARS 252.209-7007 Prohibited Financial Interests for Lead System Integrators.
    As prescribed in 209.570-4(b), use the following clause: Prohibited Financial Interests for Lead System Integrators (DEC 2022) (a) Definitions. As used in this clause— (1) Lead system integrator includes lead system integrator with syste…
  • FAR 2.101 Definitions.
    …e, computer, or magnetic tape, for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account. The term includes Automated Clearing House transfers, Fedwire transfers, and transfers made at au…
  • FAR 9.105-1 Obtaining information.
    …office— (A) That office shall advise the contracting officer on prospective contractors' financial competence and credit needs; and (B) The administrative contracting officer shall obtain from the auditor any information required concerni…
  • FAR 50.104-1 Standards for use.
    …ubcontract, an agency head may require the indemnified contractor to provide and maintain financial protection of the type and amount determined appropriate. In deciding whether to approve use of the indemnification clause, and in determini…
  • DFARS 232.072-2 Appropriate information.
    (a) The contracting officer shall obtain the type and depth of financial and other information that is required to establish a contractor's financial capability or disclose a contractor's financial condition. While the contracting officer s…
  • FAR 45.104 Responsibility and liability for Government property.
    …very (may include repair, replacement, or other restitution). (e) Any monies received as financial restitution shall be credited to the Treasury of the United States as miscellaneous receipts, unless otherwise authorized by statute (31 U.S…
  • DFARS 252.209-7006 Limitations on Contractors Acting as Lead System Integrators.
    …rovision, have the meanings given in the clause of this solicitation entitled “Prohibited Financial Interests for Lead System Integrators” (DFARS 252.209-7007). (b) General. Unless an exception is granted, no contractor performing lead sys…
  • DFARS 252.232-7005 Reimbursement of Subcontractor Advance Payments—DoD Mentor-Protégé Program.
    …accordance with the policies of FAR subpart 32.4; and (3) The Contractor agrees that any financial loss resulting from the failure or inability of the protégé firm to repay any unliquidated advance payments is the sole financial responsibi…
  • FAR 7.105 Contents of written acquisition plans.
    …f the requirements, uncertain duration of the work, contractor's technical capability and financial responsibility, or adequacy of the contractor's accounting system), and associated reasoning essential to support the contract type selectio…
  • FAR 16.103 Negotiating contract type.
    …f the requirements, uncertain duration of the work, contractor's technical capability and financial responsibility, or adequacy of the contractor's accounting system), and associated reasoning essential to support the contract type selectio…
  • FAR 16.104 Factors in selecting contract types.
    …e adjustment or price redetermination clauses. (h) Contractor's technical capability and financial responsibility. (i) Adequacy of the contractor's accounting system. Before agreeing on a contract type other than firm-fixed-price, the con…
  • FAR 28.105-2 Patent infringement bonds.
    …y may require these bonds only if— (1) A performance bond is not furnished; and (2) The financial responsibility of the contractor is unknown or doubtful. (b) The contracting officer shall determine the penal sum.
  • DFARS 237.270 Acquisition of audit services.
    …d appropriate use. (2) This requirement applies to solicitations and contracts for— (i) Financial statement auditing required under 31 U.S.C. 3521(e); or (ii) Audit remediation services in support of the Financial Improvement and Audit R…
  • FAR 3.104-2 General.
    …participating personally and substantially in any particular matter that would affect the financial interests of any person with whom the employee is seeking employment. An employee who engages in negotiations or is otherwise seeking employ…
  • FAR 32.207 Administration and payment of commercial financing payments.
    …sponsible for determining that the security continues to be adequate. If the contractor's financial condition is the Government's security, this contracting officer is also responsible for monitoring the contractor's financial condition.
  • FAR 32.303 General.
    …ent. (d) Guaranteed loans are essentially the same as conventional loans made by private financial institutions, except that the guaranteeing agency is obligated, on demand of the lender, to purchase a stated percentage of the loan and to …
  • FAR 52.245-1 Government Property.
    …urse the Government for loss of Government property, to the extent that the Contractor is financially liable for such loss, as directed by the Contracting Officer. (5) Upon the request of the Contracting Officer, the Contractor shall, at t…
  • FAR 9.106-4 Reports.
    …spective Contractor—Quality Assurance; SF 1407, Preaward Survey of Prospective Contractor—Financial Capability; and SF 1408, Preaward Survey of Prospective Contractor—Accounting System; and provide a narrative discussion sufficient to suppo…
  • FAR 9.506 Procedures.
    …s include publications and commercial services, such as credit rating services, trade and financial journals, and business directories and registers. (b) If the contracting officer decides that a particular acquisition involves a significa…
  • FAR 15.404-4 Profit.
    …ract type. (2) It is in the Government's interest to offer contractors opportunities for financial rewards sufficient to stimulate efficient contract performance, attract the best capabilities of qualified large and small business concerns…
  • FAR 24.203 Policy.
    …those relating to classified information, to trade secrets and confidential commercial or financial information, to interagency or intra-agency memoranda, or to personal and medical information pertaining to an individual. Other exemptions …
  • FAR 28.103-2 Performance bonds.
    …recognizing the latter concern as the successor in interest, desires assurance that it is financially capable. (3) Substantial progress payments are made before delivery of end items starts. (4) Contracts are for dismantling, demolition, …
  • FAR 31.001 Definitions.
    … the final accumulation points. Fiscal year means the accounting period for which annual financial statements are regularly prepared, generally a period of 12 months, 52 weeks, or 53 weeks. Funded pension cost means the portion of pension…
  • FAR 32.1007 Administration and payment of performance-based payments.
    …ing officer should consider the contractor's experience, performance record, reliability, financial strength, and the adequacy of controls established by the contractor for the administration of performance-based payments. Based upon the ri…
  • FAR 42.302 Contract administration functions.
    … of the estimated cost under cost-reimbursement contracts. (17) Monitor the contractor's financial condition and advise the contracting officer when it jeopardizes contract performance. (18) Analyze quarterly limitation on payments statem…
  • FAR 49.107 Audit of prime contract settlement proposals and subcontract settlements.
    …ment and orderly administration; or (iv) The contractor has a substantial or controlling financial interest in the subcontractor. (2) The audit agency should avoid duplication of accounting reviews performed by the upper tier contractor o…
  • FAR 52.246-26 Reporting Nonconforming Items.
    …(b)(4) of this clause shall not include— (1) Trade secrets or confidential commercial or financial information protected under the Trade Secrets Act (18 U.S.C. 1905); or (2) Any other information prohibited from disclosure by statute or r…
  • DFARS 209.570-3 Procedures.
    … integrator”; (2) Consider all information regarding the prospective contractor's direct financial interests in view of the prohibition at 209.570-2(a); and (3) Follow the procedures at PGI 209.570-3. (b) A determination to use a contrac…
  • DFARS 223.7104 Exceptions.
    …fense and environmental security; and (ii) Provides for the prospective user's continued financial and environmental responsibility and liability with regard to the material. (11) The storage of any material that is not owned by DoD if th…
  • DFARS 227.7006 Investigation and administrative disposition of claims.
    …rative determination shall be the responsibility of the Department having the predominant financial interest in the claim or of the Department or Departments as jointly agreed upon by the Departments concerned. The Department responsible fo…
  • DFARS 239.7601 Definitions.
    …nication of Government data. This does not include a contractor's business records (e.g., financial records, legal records, etc.) or data such as operating procedures, software coding, or algorithms that are not uniquely applied to the Gove…
  • DFARS 252.204-7012 Safeguarding Covered Defense Information and Cyber Incident Reporting.
    … locations), personally identifiable information, as well as trade secrets, commercial or financial information, or other commercially sensitive information that is not customarily shared outside of the company. Controlled technical inform…
  • DFARS 252.215-7002 Cost Estimating System Requirements.
    …rated with the Contractor's related management systems; and (4) Is subject to applicable financial control systems. Estimating system means the Contractor's policies, procedures, and practices for budgeting and planning controls, and gene…
  • DFARS 252.223-7006 Prohibition on Storage, Treatment, and Disposal of Toxic or Hazardous Materials.
    …(10), and notwithstanding any other provision of the contract, the Contractor assumes all financial and environmental responsibility and liability resulting from any treatment or disposal of toxic or hazardous materials not owned by DoD on …
  • DFARS 252.239-7010 Cloud Computing Services.
    …ommunication of Government data. This does not include contractor's business records e.g. financial records, legal records etc. or data such as operating procedures, software coding or algorithms that are not uniquely applied to the Governm…
  • DFARS 252.244-7001 Contractor Purchasing System Administration.
    … from contract award; (8) Evaluate price, quality, delivery, technical capabilities, and financial capabilities of competing vendors to ensure fair and reasonable prices; (9) Require management level justification and adequate cost or pri…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.