(g) The recipient or subrecipient should not make or preserve any income resulting from Federal financial assistance Until explicitly authorized with the stipulations from the Federal award.
Micro-buys can be awarded devoid of soliciting aggressive value or amount quotations In the event the receiver or subrecipient considers the worth sensible based upon investigation, expertise, purchase background, or other information and facts; and maintains documents to assistance its conclusion. Order playing cards may be applied like a technique of payment for micro-purchases.
The full expense of a Federal award will be the sum from the allowable direct and allocable indirect fees minus any applicable credits
suggests fiscal obligations incurred with the recipient or subrecipient but not paid out (liquidated) for economical reports well prepared on a cash basis.
(six) Payments for allowable costs ought to not be withheld Anytime during the duration of overall performance unless required by Federal statute, rules, or in a single of the following occasions:
usually means the time interval from the beginning day of a funded part of an award to the tip date of that funded portion, all through which recipients and subrecipients are licensed to incur economic obligations of the cash awarded, including any money carried ahead or other revisions pursuant to § two hundred.308.
(a) Contingency provisions are A part of a funds estimate of long run charges (normally of large development tasks, IT systems, or other items accredited through the Federal company) which might be connected to attainable occasions or disorders arising from causes for which the precise consequence is indeterminable at time of estimate and that are likely to final result, inside the combination, in supplemental charges for the approved action or undertaking.
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Charges for do the job performed on Federal awards by school associates having only aspect-time appointments should be decided at a amount not a lot more than that frequently paid out for part-time assignments.
(i) The receiver or subrecipient has didn't adjust to the stipulations in the Federal award; or
(1) Tangible or intangible assets used in functions possessing a handy lifetime of multiple yr which happen to be capitalized in accordance with GAAP. Money property involve:
(ii) The pass-by entity ought to not need using the de minimis indirect Price tag level if the subrecipient has an authorised indirect Charge price negotiated While using the Federal Govt.
When sensible, the recipient or subrecipient is encouraged to make use of value engineering clauses in click here contracts for construction projects of sufficient size to offer affordable possibilities for Price reductions.
Formal procurement solutions are needed when the value in the procurement transaction less than a Federal award exceeds the simplified acquisition threshold on the receiver or subrecipient. Official procurement strategies are aggressive and have to have community detect.