(b) The Federal agency or pass-by entity must obtain money reviews no lower than annually. The Federal company or pass-through entity might not acquire economical reports much more usually than quarterly Except a selected ailment has long been implemented in accordance with § two hundred.
Estimates based on prior year funding are satisfactory if existing appropriations usually are not accessible at some time of the submission;
The receiver and subrecipient have to implement these concepts in identifying allowable charges under Federal awards. The recipient and subrecipient must also use these principles like a guide in pricing fixed-price tag contracts and subcontracts when costs are Employed in analyzing the appropriate rate. These Price principles never implement to:
Besides in which in any other case licensed by statute, costs will have to satisfy the following conditions to become allowable under Federal awards:
means somebody procurement transaction for materials or companies, the combination degree of which isn't going to exceed the micro-purchase threshold. Micro-purchases comprise a subset of a recipient's or subrecipient's small purchases employing casual procurement strategies as established forth in § two hundred.320.
Recipients and subrecipients that do not have a latest Federal negotiated oblique Value price (like provisional price) may perhaps elect to cost a de minimis charge of up to fifteen percent of modified complete immediate charges (MTDC). The receiver or subrecipient is approved to ascertain the appropriate rate nearly this Restrict. Federal agencies and move-through entities may not require recipients and subrecipients to work with a de minimis charge reduced as opposed to negotiated oblique Charge amount or the rate elected pursuant to this subsection Until demanded by Federal statute or regulation.
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usually means an award by which the Federal agency, Consistent with specific statutory authority that permits the agency to workout judgment (“discretion”), selects the recipient or the quantity of Federal funding awarded by way of a competitive process or based on merit of proposals. A discretionary award might be selected over a non-competitive basis, as correct.
signifies, for reasons of § two hundred.330 or when Employed in connection with the acquisition or advancement of true assets, gear, or materials underneath a Federal award, the greenback amount that is the item with the:
(i) In many partial payments. The level of Every payment in addition to the “milestone” or function triggering the payment, should be agreed to ahead of time and included in the Federal award;
implies a receiver or subrecipient that provides a subaward to your subrecipient (like lower tier subrecipients) to perform A part of a Federal application. The authority of the go-by means of entity underneath this element flows in the subaward settlement concerning the pass-by means of entity and subrecipient.
A State have to use, handle and dispose of equipment acquired beneath a Federal award in accordance with Condition legislation and processes. Indian Tribes have to use, control, and dispose of equipment obtained beneath a Federal award in accordance with tribal laws and techniques.
You'll find specific situation in which the receiver or subrecipient may well use a noncompetitive procurement strategy. The noncompetitive procurement process might only be made use of if among the next situation applies:
(file) On the extent in keeping with proven tactics and authorized needs relevant on the recipient or subrecipient, this get more info subpart does not prohibit recipients or subrecipients from acquiring written strategies for procurement transactions that integrate a scoring mechanism that benefits bidders that decide to particular figures and kinds of U.S. Positions, minimum amount payment, Advantages, on-the-position-teaching for employees making do the job merchandise or providing companies on a agreement, and other worker protections.