(a) Bonding expenses occur once the Federal company demands assurance from fiscal reduction to by itself or Many others as a result of an act or default of the recipient or subrecipient.
These procurement procedures expedite the completion of transactions, lower administrative burdens, and lessen expenditures. Informal procurement solutions might be applied when the value in the procurement transaction underneath the Federal award would not exceed the simplified acquisition threshold as described in § 200.
(a) If the Expense is normally identified as common and necessary for the receiver's or subrecipient's operation or the right and economical performance from the Federal award;
(a) All procurement transactions beneath the Federal award need to be executed in the way that gives complete and open competition which is according to the specifications of this part and § two hundred.320.
(three) The receiver or subrecipient may possibly transfer title towards the home to the Federal Govt or to an qualified third party supplied that the receiver or subrecipient has to be entitled to payment for its attributable share of the current fair market place value of the residence.
indicates the documentation identifying, accumulating, and allocating or developing billing costs based on the allowable fees of expert services furnished by a Point out, regional authorities, or Indian Tribe to its departments and businesses over a centralized basis. The prices of these companies may very well be allotted or billed to consumers.
(iii) The depository would involve a median or minimum stability so superior that it wouldn't be feasible Along with the predicted Federal and non-Federal cash sources;
The receiver or subrecipient is accountable for deciding an proper simplified acquisition threshold depending on interior controls, an analysis of possibility, and its documented procurement procedures, which can be decreased than, but need to not exceed, the threshold set up inside the Significantly.
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(three) Dividing procurement transactions into separate procurements to allow utmost participation by these enterprise kinds;
(g) The recipient or subrecipient must not generate or read more hold any income ensuing from Federal monetary support Except if explicitly approved from the stipulations from the Federal award.
(seven) A payment withheld for failure to adjust to the conditions and terms on the Federal award needs to be released for the receiver or subrecipient on subsequent compliance. Whenever a Federal award is suspended, payment adjustments have to be created in accordance with § two hundred.343.
implies enough time interval from the beginning date of a funded part of an award to the top date of that funded portion, all through which recipients and subrecipients are authorized to incur economic obligations in the resources awarded, which includes any money carried forward or other revisions pursuant to § two hundred.308.
Matter to the requirements and disorders set forth On this segment, title to real property acquired or enhanced beneath the Federal award will vest upon acquisition from the recipient or subrecipient.