(i) Be supported by a procedure of interior Management that provides affordable assurance that the costs are accurate, allowable, and properly allotted;
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(a) The Federal agency or go-by way of entity might overview the technological specifications of proposed procurements under the Federal award In case the Federal company or go-by entity thinks the evaluation is needed in order that the product or services specified is the a single currently being proposed for acquisition. The receiver or subrecipient have to submit the complex specs of proposed procurements when requested from the Federal company or move-by entity.
(d) The recipient or subrecipient need to have prepared processes for procurement transactions. These strategies must make sure all solicitations:
definition. A computing system can be a source When the acquisition Price is below the lesser on the capitalization stage recognized because of the receiver or subrecipient for financial statement functions or $10,000, regardless of the size of its helpful daily life. See this section's definitions of computing equipment
(ii) The receiver or subrecipient is delinquent inside a credit card debt to the United States as defined in OMB Round A-129, “Policies for Federal Credit Plans and Non-Tax Receivables.” Under these kinds of situations, the Federal company or go-by means of entity may perhaps, soon after delivering affordable observe, withhold payments to the recipient or subrecipient for economic obligations incurred following a specified day until finally the problems are corrected or maybe the personal debt is repaid on the Federal Govt.
means the Federal agency specified to execute the duties explained in § 200.513(a). The cognizant agency for audit will not be always the same as the cognizant click here agency for indirect prices.
If a contract is subject matter to CAS, expenditures have to be allotted to that deal according to the Price Accounting Requirements, which just take priority about the allocation provisions With this part.
(5) A proposed contract modification variations the scope of a agreement or enhances the agreement volume by over the simplified acquisition threshold.
(e) Once the recipient or subrecipient accepts a loan or grant, it is actually certifying that it's going to adjust to the prohibition on included telecommunications tools and products and services On this segment.
(one) Severance fork out, also usually called dismissal wages, can be a payment Besides common salaries and wages, by recipients and subrecipients to staff whose employment is becoming terminated. Severance fork out is allowable only to your extent that, in each circumstance, it is needed by:
The receiver or subrecipient need to, in a minimum, provide the equal insurance policy protection for actual assets and products acquired or improved with Federal money as delivered to property and tools owned with the receiver or subrecipient.
The Federal company or go-by entity ought to have to have the recipient or subrecipient to submit reviews around the status of serious assets wherein the Federal Govt retains an interest. These studies has to be submitted a minimum of annually. In scenarios wherever the Federal Governing administration's interest in the actual house extends for fifteen yrs or more, the Federal company or pass-by means of entity may possibly demand the receiver or subrecipient to report at different multi-calendar year frequencies.
When real house is now not necessary for that originally approved goal, the recipient or subrecipient should acquire disposition Directions with the Federal company or move-via entity. The Recommendations must specify one of the next disposition strategies: