(b) Existing negotiated indirect Price tag rates will continue being in place till they expire. The helpful day of variations to indirect Charge costs should be based mostly upon the date a freshly re-negotiated level goes into result to the recipient's or subrecipient's fiscal 12 months.
(2) The procurement is expected to exceed the simplified acquisition threshold and is particularly for being awarded without having Level of competition, or only one bid is expected for being obtained in reaction to the solicitation;
Initiate a one particular-time extension on the period of general performance by as much as twelve months Except if a number of in the circumstances outlined in paragraphs (g)(two)(i) through (iii) of the portion utilize. Prior approval just isn't essential if a recipient is licensed within the terms and conditions of your Federal award to initiate a one particular-time extension. On the other hand, the recipient ought to notify the Federal agency in writing While using the supporting justification as well as a revised period of general performance no less than ten calendar days ahead of the conclusion of the period of general performance.
(2) Withholding authority to move forward to the next section until eventually receipt of evidence of appropriate general performance;
(six) Other awards less than which the recipient or subrecipient is not needed to account for precise prices incurred.
(a) The Federal company or pass-via entity will have to close out the Federal award when it establishes that each one administrative steps and demanded work of the Federal award have already been done. In the event the recipient or subrecipient fails to finish the mandatory administrative steps or even the expected work for an award, the Federal agency or go-through entity should commence with closeout depending on the knowledge readily available. This section specifies the executive steps necessary at the conclusion of the duration of effectiveness.
The Federal company or go-as a result of entity, Inspectors Typical, the Comptroller General of The us, or any in their approved Reps should have the right of entry to any data from the recipient or subrecipient pertinent to your Federal award to accomplish audits, execute web site visits, or for almost every other official use.
(e) Whether or not the Price signifies a deviation in the receiver's or subrecipient's proven prepared guidelines and processes for incurring expenses.
Charges for do the job carried out on Federal awards by school customers owning only component-time appointments must be decided in a fee not greater than that often paid for portion-time assignments.
Actual house, devices, and intangible house acquired or enhanced with the Federal award must be held in believe in by the recipient or subrecipient as trustee to the beneficiaries on the task or software beneath which the assets was obtained or improved.
Every time a proposal, strategy, or other computation needs to be submitted on the Federal Governing administration to kind The premise for negotiation of an oblique Price level (or other typical prices), then the a few-year retention period of time for its supporting records starts within the date of submission.
means a person procurement transaction for provides or companies, the mixture number read more of which will not exceed the micro-invest in threshold. Micro-buys comprise a subset of the recipient's or subrecipient's modest purchases utilizing informal procurement techniques as set forth in § two hundred.320.
usually means enough time interval in between the beginning and stop day of the Federal award, which may include a number of spending budget durations.
There are actually three methods of implementing method income: deduction; addition; and cost-sharing. The Federal agency ought to specify what system cash flow system(s) are going to be Employed in the stipulations from the Federal award. The deduction technique will likely be employed In case the Federal agency will not specify a method for applying application revenue. When no application money process is laid out in the Federal award, prior approval is necessary to utilize the addition or Value sharing approaches.