(one) The recipient or subrecipient may utilize a time-and-resources variety agreement only after a determination that no other agreement is suitable and if the contract includes a ceiling cost that the contractor exceeds at its individual risk.
Every time a recipient or subrecipient sells the house, it have to pay the Federal agency an quantity calculated by multiplying The share on the Federal company's contribution to the first order (and value of any enhancements) by the proceeds of the sale right after deducting any precise and affordable expenses compensated to market or resolve up the residence available.
(four) Typical servicing techniques has to be in position to ensure the residence is in correct Functioning problem.
(three) Notwithstanding the encouragement in § 200.307 to earn software money, the recipient or subrecipient will have to not use devices obtained Along with the Federal award to offer services to get a rate that's below a private enterprise would demand for comparable products and services unless particularly licensed by Federal statute.
(one) Is accustomed to enter into a romantic relationship, the principal goal of and that is to transfer anything of benefit to perform a community purpose licensed by a law of The us (see 31 U.
usually means some time interval from the start day of the funded part of an award to the top day of that funded portion, during which recipients and subrecipients are licensed to incur economic obligations in the cash awarded, such as any resources carried ahead or other revisions pursuant to § 200.308.
indicates an entity that gets a Federal award straight from a Federal company to perform an exercise less than a Federal plan. The term receiver does not include subrecipients or people that are members or beneficiaries of your award.
When A part of the terms and conditions on the Federal award, the Federal company may perhaps allow the receiver to keep gear, or authorize a pass-via entity to permit the subrecipient to retain devices, without even further obligation for the Federal Govt unless prohibited by Federal statute or regulation.
The receiver or subrecipient is chargeable for the settlement of all contractual and administrative challenges arising out of its procurement transactions. These challenges include, but usually are not restricted to, source analysis, protests, disputes, and claims. These standards usually do not relieve the receiver or subrecipient of any contractual responsibilities beneath its contracts.
(one) A created demand from customers or assertion by among the list of functions to the Federal award searching for for a make any difference of ideal:
usually means an annually current authoritative source of data for auditors that identifies present crucial compliance requirements that the Federal Govt expects to be considered as Element of an audit.
The recipient or subrecipient could assign fringe Rewards to Price targets by figuring out unique Gains to specific unique employees get more info or by allocating them based on entity-large salaries and wages of the employees obtaining the benefits.
(one) The Federal company need to build and sustain procedures and strategies for conducting a hazard evaluation to evaluate the pitfalls posed by applicants before issuing Federal awards. This assessment can help identify dangers that may have an effect on the progression towards or the achievement of a undertaking's objectives and targets. Hazard assessments help Federal professionals in analyzing correct resources and time to dedicate to project oversight and keep track of recipient progress.
The prices of selected things to do are not allowable as expenses to Federal awards. Despite the fact that these fees are unallowable, they have to be taken care of as direct charges for needs of analyzing indirect Value charges and be allocated their equitable share of the receiver's or subrecipient's oblique charges when they symbolize routines which: