SF1407

Pre-Award Survey of Prospective Contractor (Financial Capability)

Agency
GSA
Revision
Rev. 1/2014
Fillable fields
139
Pages
3
Official source
GSA form page
Checked
October 20, 2026
Fill SF1407 online
Page 1 of form SF1407

Standard Form 1407 (SF 1407): Pre-Award Survey (Financial Capability)

Standard Form 1407 (SF 1407), Pre-Award Survey of Prospective Contractor (Financial Capability), is a three-page survey report. The footer says it is prescribed by GSA under FAR (48 CFR) 53.209-1(e), and GSA hosts it in its forms library. The edition printed on the form is STANDARD FORM 1407 (REV. 1/2014), with OMB Control Number 9000-0011 and an expiration date of 10/31/2026.

Section I records a recommendation of complete award, partial award or no award, the total offered price and a narrative, signed by the person who made the survey and a survey reviewing official. The later sections cover the company, its latest balance sheet and profit and loss statement, its financial arrangements, Government financial aid, its business and financial reputation, and sales for the next six quarters.

The form estimates 24 hours to read the instructions, gather the facts and answer the questions. You can fill it out free in your browser on this page and download the result without an account.

Top of page 1 of Standard Form 1407 (SF 1407): Pre-Award Survey (Financial Capability), as printed by GSA

What's on SF 1407

Section I: recommendation

Complete award, partial award with a quantity, or no award, the total offered price, a narrative citing the sections that substantiate the recommendation, and the two signature blocks.

Section II: general

Type of company (corporation, partnership, subsidiary, division, proprietorship or other), year established, and the name and address of any parent company and subsidiaries.

Section III: balance sheet and profit and loss

Part A covers the latest balance sheet, working capital and three ratios. Part B covers net sales and net profits before taxes for the current period and two prior fiscal years. Part C covers the fiscal year end and certification.

Sections IV and V: financing

Use of own resources and bank credits, an independent analysis of the financial position, and progress payments, guaranteed loans or advance payments to be requested or already obtained from the Government.

Section VI: business and financial reputation

Comments of the bank, trade creditors and commercial financial services and credit organizations, the most recent credit rating, whether the price appears unrealistically low, and outstanding liens or judgements.

Section VII: sales for next six quarters

Current contract sales (backlog) and anticipated additional sales, each split into Government (prime and subcontractor) and commercial, with totals. The heading shows the figures in 000's.

How SF 1407 is completed

  1. 1

    Fill in the top block and Section II

    Name the prospective contractor, mark the type of company and enter the year established and any parent company and subsidiaries. The serial number box is for surveying activity use.

  2. 2

    Enter the latest statements

    In Section III, record the date of the latest balance sheet and who it was filed with, the financial position lines, working capital, ratios and profit and loss figures.

  3. 3

    Record financing and aid

    Mark X in the yes or no column in Sections IV and V. The form says to explain a NO on item IV.4, and any yes answers to items V.1a, b and c.

  4. 4

    Add reputation and sales data

    Complete Section VI and the Section VII sales grid. If the price appears unrealistically low, the form says to explain in the Section I narrative.

  5. 5

    Make the recommendation

    Check complete award, partial award with the quantity, or no award, and enter the total offered price. The narrative cites the sections that substantiate it, on an additional sheet if necessary.

  6. 6

    Sign and review

    The person who made the survey signs item 4, and the survey reviewing official signs item 5 with the date reviewed. Mark the box if continuation sheets are attached.

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Routing, time and notices

Where it goes

The PDF gives no filing address or routing. It provides blocks for the person who made the survey and a survey reviewing official.

OMB number and time

OMB Control Number 9000-0011, Expiration Date 10/31/2026. The form estimates 24 hours to read the instructions, gather the facts and answer the questions.

Comments on the time estimate

The form says to send only comments relating to the time estimate to U.S. General Services Administration, Regulatory Secretariat Division (M1V1CB), 1800 F Street, NW, Washington, DC 20405.

Edition and reproduction

The footer prints STANDARD FORM 1407 (REV. 1/2014), Authorized for local reproduction and Previous edition is NOT usable. GSA's page lists a current revision date of 01/2014.

Related forms

Who completes SF 1407?

  • The surveying activity

    The SERIAL NUMBER box at the top is marked For surveying activity use.

  • The person who made the survey

    Item 4, Survey Made By, takes a signature, telephone number with area code and date signed.

  • The survey reviewing official

    Item 5, Survey Reviewing Official, takes a signature, telephone number with area code and date reviewed.

  • The prospective contractor surveyed

    The contractor is named in the PROSPECTIVE CONTRACTOR box. Section VI records comments about it from its bank, trade creditors and credit organizations.

The blocks printed on the form name these roles.

Official sources and the blank

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Questions about Form SF1407

Who issues SF 1407?

The footer says the form is prescribed by GSA under FAR (48 CFR) 53.209-1(e). GSA hosts it in its forms library.

Who signs SF 1407?

Item 4 is signed by the person who made the survey and item 5 by a survey reviewing official. The serial number box is for surveying activity use.

What recommendations can SF 1407 record?

Complete award, partial award with a quantity, or no award. The narrative cites the sections of the report that substantiate the recommendation.

Which ratios does SF 1407 ask for?

Current assets to current liabilities, the acid test (cash, temporary investments held in lieu of cash and current receivables to current liabilities), and total liabilities to net worth. Working capital is current assets less current liabilities.

What Government financing does it ask about?

Section V asks whether progress payments, a guaranteed loan or advance payments will be requested for the proposed contract, and what Government financing the prospective contractor receives at present, with the agencies and contract numbers involved.

Are the Section VII sales in thousands?

The heading reads SALES (000'S) FOR NEXT SIX QUARTERS.

What OMB number is on SF 1407?

OMB Control Number 9000-0011, with an expiration date of 10/31/2026. The form estimates 24 hours to read the instructions, gather the facts and answer the questions.