(a) The recipient or subrecipient should complete a value or cost Evaluation For each and every procurement transaction, which include agreement modifications, in excessive of the simplified acquisition threshold. The tactic and diploma of analysis conducted rely upon the points surrounding the particular procurement transaction.
usually means information which might be made use of to distinguish or trace a person's identification, both by yourself or when coupled with other private or figuring out data which is joined or linkable to a certain specific. Some PII is accessible in community sources including phone textbooks, Sites, and College listings.
(three) Is critical to the general operation of your receiver or subrecipient which is assignable partially on the Federal award in accordance with these Expense principles.
suggests those costs incurred for a standard or joint reason benefitting multiple Value objective and not commonly assignable to the cost goals specially benefitted, with no energy disproportionate to the outcomes accomplished. It might be required to determine several pools of indirect fees to aid equitable distribution of oblique charges to the associated fee targets served.
implies the process by which the Federal company or move-as a result of entity decides that every one relevant administrative steps and all necessary function in the Federal award happen to be finished and will take actions as described in § two hundred.344.
A short summary of your statutory or regulatory demands of the program and its meant consequence. Where by correct, This system description, objective, targets, and overall performance measurement really should align Together with the strategic aims and targets in the Federal agency's performance prepare and will guidance the Federal company's functionality measurement, management, consumer knowledge initiatives, and reporting as expected by Aspect six of OMB Circular A-eleven;
The aggregate level of the procurement transaction won't exceed the micro-obtain threshold defined in § two hundred.1. For the extent practicable, the receiver or subrecipient ought to distribute micro-purchases equitably between competent suppliers.
the Federal agency is not really needed to reimburse these kinds of expenses If your recipient will not acquire the Federal award or In the event the Federal award is fewer than anticipated and insufficient to go over these types of fees).
(5) A proposed deal modification changes the scope of the agreement or increases the agreement total by much more than the simplified acquisition threshold.
This is the procurement strategy during which bids are publicly solicited by an invitation in addition to a firm set-price tag contract (lump sum or unit price tag) is awarded to the dependable bidder whose bid conforms with all the fabric terms and conditions of the invitation and is the lowest in rate. The sealed bids procurement strategy is most well-liked for procuring design solutions.
(ii) Pension costs calculated utilizing an actuarial Expense method recognized by GAAP are allowable for just a specified fiscal yr if they are funded for that 12 months inside of six months once the conclusion of that yr. Prices funded just after six months (or even a later on period agreed to through the cognizant agency for oblique expenditures) are allowable during the year funded. The cognizant company for indirect prices might agree to an extension if an proper adjustment is made to compensate for that timing of the costs into the Federal Authorities and relevant Federal reimbursement and also the receiver's or subrecipient's contribution to the pension fund.
(a) Just about every Condition need to expend and account for your Federal award in accordance with Point out guidelines and treatments for expending and accounting to the Condition's funds. All receiver and subrecipient economic management devices, like information documenting compliance with Federal statutes, restrictions, as click here well as the terms and conditions with the Federal award, has to be ample to permit the preparation of experiences necessary by the stipulations; and monitoring expenditures to establish that funds are used in accordance with Federal statutes, rules, and also the stipulations of the Federal award. See § 200.450.
Incur undertaking costs ninety calendar times prior to the Federal award date. Fees incurred a lot more than 90 calendar times before the Federal award date involve prior approval of the Federal agency. All fees incurred before the Federal award day are within the recipient's individual danger (
An functioning department may well supply services to another running department of precisely the same Point out, local authorities, or Indian Tribe. In these occasions, the expense of companies delivered could include things like allowable immediate expenses of your assistance furthermore a pro-rated share of indirect charges. An ordinary oblique cost price equal to fifteen percent in the direct salaries and wages for delivering the company (excluding overtime, change rates, and fringe Rewards) could possibly be used as an alternative to identifying the particular oblique charges from the provider.