(seven) A payment withheld for failure to comply with the stipulations with the Federal award must be launched on the receiver or subrecipient on subsequent compliance. When a Federal award is suspended, payment adjustments needs to be manufactured in accordance with § two hundred.343.
(a) Bonding expenses occur when the Federal agency demands assurance towards economic reduction to alone or Other folks due to an act or default with the recipient or subrecipient.
(a) The Federal company or pass-as a result of entity might assessment the technical specs of proposed procurements beneath the Federal award In the event the Federal company or go-as a result of entity believes the evaluate is required to make certain the merchandise or provider specified may be the 1 being proposed for acquisition. The receiver or subrecipient ought to submit the technological specifications of proposed procurements when requested by the Federal agency or move-via entity.
(two) A Actual physical inventory of your assets have to be conducted, and the final results need to be reconciled Along with the home records at the very least once every single two a long time.
(6) Payments for allowable expenditures will have to not be withheld Anytime in the course of the duration of efficiency Except if needed by Federal statute, restrictions, or in a single of the next scenarios:
(ii) Measuring the costs of abnormal or mass severance spend by way of an accrual system will likely not attain fairness for each functions. For that reason, accruals are not more info allowable.
suggests the Federal agency selected to perform the obligations described in § two hundred.513(a). The cognizant agency for audit is not really automatically similar to the cognizant agency for oblique costs.
as set forth in appendices III via VII, and IX of this aspect. The certification should be signed on behalf with the recipient by a person in a degree no decrease when compared to the vice president or Main economic officer in the recipient that submits the proposal.
It is a procurement approach utilized when situations aren't suitable for working with sealed bids. This procurement approach may possibly result in possibly a hard and fast-price tag or Price-reimbursement deal. They are really awarded in accordance with the next necessities:
(e) In the event the recipient or subrecipient accepts a loan or grant, it is certifying that it's going to comply with the prohibition on included telecommunications gear and providers During this area.
A price is realistic if it does not exceed an quantity that a prudent particular person would incur under the situations prevailing when the choice was created to incur the fee. In identifying the reasonableness of a presented Price, thought should be offered to the subsequent:
The recipient and subrecipient should retain all Federal award documents for 3 yrs through the day of submission of their final monetary report. For awards which are renewed quarterly or yearly, the receiver and subrecipient need to retain documents for 3 a long time from the day of submission of their quarterly or once-a-year money report, respectively.
(one) Provisions for your reserve beneath a self-insurance plan for unemployment compensation or personnel' compensation are allowable into the extent the provisions stand for fair estimates on the liabilities for this sort of compensation and the kinds of coverage, the extent of coverage, and fees and premiums might have been allowable experienced insurance policies been acquired to include the challenges.
Direct expenses are These charges which can be identified precisely with a specific final Price tag goal, for instance a Federal award, or other internally or externally funded activity, or that may be directly assigned to these routines rather very easily with a high degree of precision.