(one) The receiver or subrecipient may possibly make use of a time-and-materials sort agreement only following a determination that no other agreement is ideal and In case the contract includes a ceiling price tag which the contractor exceeds at its personal possibility.
(a) Bonding costs come up when the Federal company requires assurance from money reduction to alone or Other individuals because of an act or default with the receiver or subrecipient.
(three) Dividing procurement transactions into separate procurements to permit highest participation by these company forms;
(2) The time period “direct loan obligation” signifies a binding agreement by a Federal company to produce a direct loan when specified problems are fulfilled with the borrower.
Unless of course the Federal agency expressly authorizes an arrangement, a recipient or subrecipient must follow its written procedures and methods in regards to the permissible extent of Qualified services which might be delivered outside the house the receiver or subrecipient for non-organizational compensation.
typically indicates an individual taking part in or attending application pursuits beneath a Federal award, like trainings or conferences, but who is not chargeable for implementation of the Federal award. Persons committing exertion to the development or supply of system things to do beneath a Federal award (including consultants, undertaking staff, or workers members of a receiver or subrecipient) are not contributors.
(three) The accounting basis (hard cash or accrual) chosen for costing Just about every sort of depart is continuously accompanied by the recipient or subrecipient or even a specified grouping of employees.
suggests a proper announcement of The supply of Federal funding by way of a money aid program from a Federal agency. The observe of funding prospect supplies info on the award, which include that's qualified to apply, the analysis criteria for choosing a receiver or subrecipient, the necessary elements of an application, and how to submit the application.
(three) Recognize any supplemental requirements which the offerors should fulfill and all other variables which will be used in analyzing bids or proposals.
indicates the documentation prepared by a receiver to substantiate its ask for to ascertain an oblique Charge amount as described in appendices III by VII and appendix IX to this part.
You will find three kinds of procurement strategies explained in this segment: casual procurement approaches (for micro-purchases and simplified acquisitions); official procurement approaches (by sealed bids or proposals); and noncompetitive procurement procedures.
(g) Donated assets from third functions might include things like products for instance gear, Place of work materials, laboratory materials, or workshop and classroom supplies. The assessed value of donated check here house incorporated as Price tag sharing must not exceed the assets's honest industry price at some time of your donation.
(a) All procurement transactions underneath the Federal award must be carried out in the fashion that provides total and open up Level of competition and is according to the expectations of the section and § two hundred.320.
(2) Are unallowable given that they are not allocable on the Federal award(s), needs to be altered, or a refund needs to be built in accordance with the necessities of the section. These changes or refunds are intended to correct the proposals made use of to ascertain the costs and do not represent a reopening of the rate negotiation.