for recipients and subrecipients usually means procedures created and implemented by recipients and subrecipients to deliver affordable assurance regarding the accomplishment of objectives in the subsequent types:
A deal is for the objective of acquiring items and services for your recipient's or subrecipient's use and generates a procurement romance that has a contractor. See the definition of deal
The receiver and subrecipient should utilize these principles in analyzing allowable costs less than Federal awards. The recipient and subrecipient ought to also use these rules like a guide in pricing preset-rate contracts and subcontracts when expenses are Employed in analyzing the suitable selling price. These Value ideas tend not to apply to:
(one) Prices to Federal awards for salaries and wages need to be according to records that precisely replicate the get the job done performed. These information must:
Once the receiver or subrecipient retains title to the residence, it will have to pay the Federal agency an amount of money calculated by multiplying The share in the Federal agency's contribution towards the first acquire (and prices of any enhancements) by the current honest market price of the property.
(e) The recipient or subrecipient need to ensure that all prequalified lists of folks, firms, or solutions Utilized in procurement transactions are latest and involve enough competent sources to be sure maximum open Competitiveness.
(3) Establish any additional necessities which the offerors need to satisfy and all other factors that could be used in assessing bids or proposals.
(one) The recipient or subrecipient may perhaps utilize a time-and-resources variety contract only following a determination that no other contract is suitable and In case the agreement features a ceiling selling price the contractor exceeds at its very own danger.
usually means an award furnished by a pass-by means of entity to a subrecipient for your subrecipient to lead to your plans and objectives from the undertaking by carrying out Section of a Federal award gained by the move-by entity.
(1) The worth in the remaining lifetime of the house recorded within the receiver's or subrecipient's accounting records at time of donation.
the Federal company will not be necessary to reimburse these kinds of prices In case the recipient doesn't receive the Federal award or Should the Federal award is a lot less than anticipated and insufficient to protect these kinds of fees).
(2) click here The prices of central governmental expert services distributed with the central support Price tag allocation approach rather than in any other case handled as immediate prices.
implies the Federal agency specified to perform the duties explained in § two hundred.513(a). The cognizant agency for audit isn't essentially the same as the cognizant company for indirect fees.
(b) The costs are effectively supported by permitted Price allocation designs in accordance Together with the relevant Value accounting rules of the part; and