(a) The recipient or subrecipient must conduct a value or value Assessment for every procurement transaction, like contract modifications, in excess of your simplified acquisition threshold. The strategy and degree of study performed count on the info encompassing The actual procurement transaction.
(b) The costs might be allowable In case the Federal award wasn't suspended or expired Generally at the end of the duration of overall performance by which the termination usually takes outcome.
(one) The recipient or subrecipient must post overall performance stories as required from the Federal award. Intervals needs to be no significantly less frequent than on a yearly basis nor a lot more Recurrent than quarterly other than if specific situations are used (See § 200.208). Studies submitted annually from the recipient or subrecipient must be thanks no afterwards than ninety calendar times following the reporting interval. Reviews submitted quarterly or semiannually must be thanks no afterwards than 30 calendar times after the reporting interval. Alternatively, the Federal company or go-via entity could have to have annual reports prior to the anniversary dates of many-calendar year Federal awards.
(e) The documents for application money gained following the duration of performance need to be retained for 3 many years within the conclusion on the receiver's or subrecipient's fiscal year wherein This system money is acquired.
(one) Is utilized to enter right into a romance, the principal objective of which happens to be to transfer anything of worth to perform a public purpose licensed by a regulation of The usa (see 31 U.
A recipient or subrecipient need to ask for prior written approval with the Federal company or pass-by means of entity for the next method and budget-associated motives:
(h) The Federal company must make every single work to finish all closeout steps no afterwards than just one yr after the stop of your duration of efficiency. If the indirect Price amount has not been finalized and would delay closeout, the Federal company is approved to mutually concur with the recipient to close an award employing the current or most not long ago negotiated amount.
(a) Title to materials acquired underneath the Federal award will vest upon acquisition within the receiver or subrecipient. When there is a residual stock of unused provides exceeding $ten,000 in aggregate price at the end of the duration of effectiveness, and the provides are not essential for almost every other Federal award, the receiver or subrecipient might retain or provide the unused supplies. Unused provides usually means materials which have been in new condition, not obtaining been used or get more info opened ahead of. The mixture worth of unused provides is made up of all supply styles, not the same as-product materials.
(three) Recognize any added needs which the offerors should satisfy and all other variables that could be Utilized in analyzing bids or proposals.
(4) Take care of audit findings particularly associated with the subaward. However, the go-by means of entity is not really chargeable for resolving cross-slicing audit results that apply into the subaward and also other Federal awards or subawards. If a subrecipient includes a current One Audit report and has not been excluded from obtaining Federal funding (meaning, hasn't been debarred or suspended), the pass-through entity could depend on the subrecipient's cognizant company for audit or oversight agency for audit to conduct audit observe-up and make administration choices related to cross-slicing audit findings in accordance with section § 200.
A cost is fair if it does not exceed an amount that a prudent individual would incur beneath the situations prevailing when the decision was built to incur the fee. In figuring out the reasonableness of the presented cost, thought should be supplied to the following:
(a) Just about every State will have to expend and account with the Federal award in accordance with Condition guidelines and treatments for expending and accounting to the State's cash. All receiver and subrecipient money management techniques, such as information documenting compliance with Federal statutes, restrictions, as well as the terms and conditions from the Federal award, has to be ample to permit the preparing of reports necessary from the conditions and terms; and monitoring expenses to establish that cash have been Utilized in accordance with Federal statutes, laws, along with the conditions and terms from the Federal award. See § 200.450.
(v) Payments for unfunded pension prices need to be billed in accordance with the allocation rules of the subpart. Specially, the receiver or subrecipient might not cost unfunded pension expenditures straight to a Federal award if All those unfunded pension prices are not allocable to that award.
The Federal agency or pass-by entity may well accept the receiver's or subrecipient's bonding coverage and requirements for design or facility enhancement contracts or subcontracts exceeding the simplified acquisition threshold.