A recipient or subrecipient which has a current Federal negotiated indirect Value fee may perhaps make an application for a 1-time extension of that arrangement for nearly four a long time. This extension is going to be matter to critique and approval with the cognizant company for oblique expenditures. If this extension is granted, the recipient or subrecipient may well not request a level overview until eventually the extension interval finishes.
The recipient's or subrecipient's methods ought to steer clear of the acquisition of unwanted or duplicative products. Thing to consider needs to be provided to consolidating or breaking out procurements to acquire a far more economical purchase.
(B) Two or maybe more dependable bidders are already identified as eager and ready to contend effectively for the business enterprise; and
(2) A physical inventory from the property have to be executed, and the final results have to be reconciled Along with the residence information a minimum of as soon as every two several years.
(i) An permitted oblique Price fee negotiated in between the subrecipient as well as the Federal Authorities. If no authorised fee exists, a pass-by way of entity need to identify the right price in collaboration Together with the subrecipient. The indirect Expense rate could possibly be either:
(six) Specifying just a “brand name” solution instead of letting “an equivalent” product or service being supplied and describing the effectiveness or other applicable prerequisites with the procurement; and
Incentive payment to staff dependant on cost reduction, effective overall performance, recommendation awards, or safety awards is allowable for the extent that the general payment is decided for being realistic and this kind of expenditures are paid or accrued In keeping with an agreement entered into in good faith involving the receiver or subrecipient and the workers ahead of the companies were being rendered, or In keeping with a longtime plan followed by the recipient or subrecipient so regularly concerning suggest, in influence, an settlement to help make this sort of payment.
(b) When setting up effectiveness reporting frequency and written content, the Federal agency must look at what information and facts will be essential to measure the receiver's progress, to determine promising techniques of recipients, check here and Construct the proof on which the Federal company will make system and performance choices.
(4) At the conclusion of a fixed sum award, the receiver or subrecipient must certify in composing towards the Federal agency or go-through entity the project was accomplished as agreed to from the Federal award, or discover those pursuits which were not completed, and that each one expenses were incurred in accordance with § 200.403. Once the demanded actions were not carried out, like preset amount awards paid out on a unit value basis underneath 200.
This can be a procurement system by which bids are publicly solicited through an invitation and a firm set-price tag contract (lump sum or unit price) is awarded to the accountable bidder whose bid conforms with all the material conditions and terms from the invitation which is the bottom in price tag. The sealed bids procurement process is chosen for procuring design solutions.
(one) Severance pay out, also generally often called dismissal wages, is a payment Besides frequent salaries and wages, by recipients and subrecipients to workers whose employment is staying terminated. Severance pay out is allowable only towards the extent that, in Each individual situation, it is needed by:
Some nonprofit organizations, due to their size and nature of operations, is usually thought of as similar to for-revenue companies regarding the applicability of Value concepts. These nonprofit companies need to function below Federal cost principles that use to for-profit businesses Situated at 48 CFR 31.
When requesting approval for finances revisions, the recipient or subrecipient ought to use precisely the same format for funds information which was applied in their application, apart from In the event the Federal company has authorized an alternate structure.
Intra-IHE consulting by school ought to be undertaken as an IHE duty necessitating no payment In combination with IBS. Nevertheless, in abnormal conditions the place session is throughout departmental traces or includes a individual or distant operation, along with the perform done from the faculty members is Along with their normal responsibilities, any costs for this kind of function representing supplemental payment previously mentioned IBS are allowable presented that these consulting arrangements are expressly authorized in the Federal award or approved in producing with the Federal agency.