implies a cost objective which includes allotted to it equally direct and indirect prices and, within the recipient's or subrecipient's accumulation process, is probably the remaining accumulation points, for instance a particular award, internal task, or other immediate exercise of a receiver or subrecipient. See also the definitions of cost aim
(one) The receiver or subrecipient may possibly ask for the Federal company or move-as a result of entity critique its procurement technique to ascertain whether it satisfies these specifications for its process to be Qualified.
Any Federal resources compensated to your receiver or subrecipient in surplus of the amount that the recipient or subrecipient is determined to generally be entitled to underneath the Federal award represent a credit card debt into the Federal Govt.
(2) Expenditures of communicating with the public and press about unique activities or achievements which outcome with the general performance on the Federal award (these prices are considered essential as Element of the outreach effort and hard work with the Federal award); or
implies a person procurement transaction for supplies or services, the aggregate number of which isn't going to exceed the micro-obtain threshold. Micro-purchases comprise a subset of the recipient's or subrecipient's modest purchases working with informal procurement methods as established forth in § 200.320.
(ii) Obtains an update to that information that would be useful to other Federal businesses, the Federal company is strongly inspired to amend the data in the procedure to incorporate the update in a very well timed way.
The Federal company or pass-through entity, Inspectors Normal, the Comptroller Standard of The us, or any in their licensed Reps will need to have the proper of entry to any documents with the recipient or subrecipient pertinent for the Federal award to execute audits, execute site visits, or for every other official use.
(4) In case the recipient or subrecipient simply cannot meet the criteria for progress payments as well as the Federal company or move-by means of entity has identified that reimbursement is just not feasible as the receiver or subrecipient lacks ample Doing work capital, the Federal agency or move-as a result of entity may possibly provide cash on a Performing capital progress basis. Under this technique, the Federal company or move-by means of entity need to progress cash payments for the receiver or subrecipient to address its estimated disbursement demands for an initial time period normally aligned to the recipient's or subrecipient's disbursing cycle.
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If licensed by Federal restrictions or perhaps the Federal award, fees incidental to generating application income may very well be deducted from gross money to find out system money, provided these prices have not been charged for the Federal award.
The receiver or subrecipient must award contracts only to liable contractors that have the ability to execute properly underneath the conditions and terms of a proposed agreement. The recipient or subrecipient have to take into account contractor integrity, general public plan compliance, appropriate classification of workers (see the Honest Labor Expectations Act, 29 U.
Except if prohibited by Federal statute, the Federal agency need to style and execute a advantage critique technique of applications for discretionary Federal awards. The objective of a advantage evaluation procedure is to choose recipients most here probably to be successful in providing effects dependant on the program targets as outlined in segment § two hundred.202. A merit evaluation is surely an aim technique of analyzing Federal award applications in accordance Together with the published benchmarks on the Federal company.
(h) The Federal agency need to make just about every effort to complete all closeout actions no afterwards than 1 12 months following the conclusion of your duration of efficiency. When the indirect Price tag fee has not been finalized and would delay closeout, the Federal agency is authorized to mutually concur with the receiver to shut an award utilizing The present or most recently negotiated rate.
OMB will assessment Federal agency regulations and implementation of this part. OMB will present interpretations of policy prerequisites and support to make certain productive, effective, and steady implementation.