(a) The recipient or subrecipient should conduct a cost or value analysis For each and every procurement transaction, which includes contract modifications, in excessive on the simplified acquisition threshold. The strategy and diploma of research carried out rely on the details surrounding The actual procurement transaction.
(3) The worth of donated Place should not exceed the honest rental worth of similar Room as founded by an unbiased appraisal of similar Room and services within a privately-owned setting up in the identical locality.
When conducting procurement transactions underneath a Federal award, a Condition or Indian Tribe must Stick to the same procedures and treatments it uses for procurements with non-Federal cash. If these policies and techniques don't exist, States and Indian Tribes need to follow the procurement criteria in §§ 200.
(2) The expression “immediate loan obligation” implies a binding arrangement by a Federal agency for making a direct loan when specified conditions are fulfilled by the borrower.
(e) The quantity or proportion of unallowable fees included in yearly's fee will likely be assumed to be the same as the amount or proportion of unallowable prices included in The bottom yr proposal used to establish the rate.
Proceeds in the sale of serious home, machines, or materials. The proceeds should be managed in accordance with the necessities on the Home Benchmarks of §§ two hundred.
The Federal agency or move-through entity, Inspectors Normal, the Comptroller Common of The us, or any in their approved Associates should have the best of usage of any records on the receiver or subrecipient pertinent to your Federal award to carry out audits, execute web-site visits, or for another official use.
(e) Whether or not more info the Charge represents a deviation from the recipient's or subrecipient's established published procedures and procedures for incurring expenses.
A cost is allocable to the Federal award or other Price tag goal if the price is assignable to that Federal award or other Value aim in accordance Using the relative Added benefits gained. This regular is achieved if the fee satisfies any of the subsequent requirements:
(ii) An insurance provider or trustee that should keep a trust fund or reserve for the only purpose of giving write-up-retirement Rewards to retirees and also other beneficiaries.
(1) Tangible or intangible belongings Utilized in operations possessing a beneficial life of more than one year which can be capitalized in accordance with GAAP. Capital assets consist of:
(seven) Critical Dates. Essential dates incorporate thanks dates for submitting apps or Government Order 12372 submissions, as well as for virtually any letters of intent or preapplications. For almost any announcement issued ahead of a program's software resources can be found, key dates also include things like the date on which All those elements is going to be launched; and another added details, as deemed applicable from the Federal company.
When realistic, the recipient or subrecipient is encouraged to work with price engineering clauses in contracts for development initiatives of enough dimension to provide sensible prospects for cost reductions.
(four) The term “loan promise determination” indicates a binding arrangement by a Federal company to make a loan warranty when specified ailments are fulfilled from the borrower, the lender, or some other bash towards the promise arrangement.