(a) The receiver or subrecipient need to conduct a price or value analysis For each procurement transaction, like contract modifications, in excess from the simplified acquisition threshold. The tactic and diploma of analysis performed rely upon the details bordering the particular procurement transaction.
(1) Any charges when audits required by The only Audit Act and subpart File of the element have not been done, or have already been done but not in accordance with the requirements; and
(one) The recipient or subrecipient need to post functionality stories as required by the Federal award. Intervals needs to be no much less Recurrent than on a yearly basis nor a lot more Regular than quarterly apart from if unique problems are utilized (See § two hundred.208). Experiences submitted every year with the recipient or subrecipient need to be owing no later than 90 calendar days following the reporting interval. Studies submitted quarterly or semiannually have to be because of no later than thirty calendar days following the reporting interval. Alternatively, the Federal agency or go-via entity might have to have once-a-year reports before the anniversary dates of many-12 months Federal awards.
(2) A Bodily stock on the assets have to be executed, and the effects should be reconciled While using the assets documents no less than the moment every single two many years.
(six) Payments for allowable charges should not be withheld at any time in the duration of efficiency Except demanded by Federal statute, rules, or in one of the next cases:
(three) Quantities funded because of the receiver or subrecipient in extra of your actuarially established amount of money for your fiscal yr might be utilized as the receiver's or subrecipient's contribution in potential durations.
(two) Costs of communicating with the public and push about certain actions or accomplishments which result within the functionality in the Federal award (these charges are thought of vital as Element of the outreach effort for your Federal award); or
(e) Any distinct disorders need to be instantly taken off once the circumstances that prompted them are happy.
A convention implies an party whose Main reason is usually to disseminate technical data further than the recipient or subrecipient and is critical and fair for productive effectiveness underneath the Federal award. Allowable conference prices could incorporate the rental of amenities, speakers' fees, attendance charges, charges of foods and refreshments, community transportation, together with other merchandise incidental to this kind of conferences Except if even more restricted with the terms and conditions from the Federal award.
This is the procurement strategy by which bids are publicly solicited through an invitation in addition to a agency fixed-price tag agreement (lump sum or device price tag) is awarded to the responsible bidder whose bid conforms with all the material stipulations of your invitation and it is the bottom in selling price. The sealed bids procurement system is favored for procuring development services.
(k) For institutions of higher instruction (IHE), voluntary uncommitted Value sharing should be taken care of in a different way from required or voluntary committed Expense sharing. Voluntary uncommitted Expense sharing shouldn't be A part of the structured study foundation for computing the indirect Price tag fee or mirrored in almost any allocation of indirect prices.
implies all essential and utilized study activities and all progress routines done by a receiver or subrecipient. The expression exploration also consists of activities involving the coaching of individuals in study methods in which this sort of pursuits use exactly the same facilities as other research and enhancement routines and the place these kinds of routines are certainly not A part of the instruction functionality.
implies Price tag sharing exclusively pledged voluntarily in the proposal's funds on the A part of the recipient or subrecipient, which will become a binding requirement in the Federal award. See § two hundred.306.
When real house here is no more wanted for the originally licensed objective, the recipient or subrecipient have to attain disposition Directions with the Federal company or go-by way of entity. The Guidance must specify among the next disposition approaches: