(b) The costs are adequately supported by authorized cost allocation ideas in accordance While using the applicable Price accounting principles of the section; and
Micro-buys can be awarded with out soliciting aggressive price or price quotations In case the receiver or subrecipient considers the value sensible dependant on research, knowledge, buy historical past, or other facts; and maintains documents to aid its conclusion. Invest in cards may very well be utilised for a way of payment for micro-buys.
(B) Two or more liable bidders happen to be identified as ready and capable to compete effectively with the small business; and
(two) Withholding authority to continue to the next stage until finally receipt of proof of satisfactory efficiency;
Unless the Federal agency expressly authorizes an arrangement, a receiver or subrecipient need to stick to its prepared procedures and treatments in regards to the permissible extent of Specialist services that may be offered outside the house the recipient or subrecipient for non-organizational compensation.
Subpart E establishes ideas for identifying allowable costs incurred by recipients and subrecipients below Federal awards.
For recipients and subrecipients other than States, payment strategies ought to minimize the time elapsing between the transfer of funds from your Federal agency or the pass-by means of entity as well as the disbursement of funds via the receiver or subrecipient regardless of whether the payment is produced by Digital cash transfer or by other implies.
(e) The receiver or subrecipient must be certain that all prequalified lists of individuals, firms, or solutions Employed in procurement transactions are present and include more than enough experienced resources to ensure most open competition.
Identification of whether or not This system will problem Federal awards over a discretionary or non-discretionary foundation;
Federal companies ought to set up conflict of curiosity procedures for Federal awards. A receiver or subrecipient ought to disclose in crafting any possible conflict of desire towards the Federal agency or pass-through entity in accordance Using the founded Federal company insurance policies.
(a) In which the Federal Governing administration ensures or insures the repayment of money borrowed from the receiver, the Federal company may well have to have suitable bonding and insurance if 200 loan the bonding and insurance prerequisites with the receiver are certainly not deemed adequate to shield the desire in the Federal Authorities.
(i) In a number of partial payments. The amount of each payment as well as the “milestone” or celebration triggering the payment, really should be agreed to ahead of time and included in the Federal award;
(ii) The best readily available curiosity-bearing account would not reasonably be anticipated to generate curiosity in extra of $500 each year on Federal cash balances;
Necessities for growth and submission of indirect Price tag fee proposals and cost allocation plans are contained in the next Appendices: