(1) The receiver or subrecipient may perhaps use a time-and-components kind agreement only after a willpower that no other deal is suited and if the agreement features a ceiling price tag which the contractor exceeds at its have chance.
(a) Bonding costs come up once the Federal agency requires assurance towards economical reduction to alone or Some others thanks to an act or default of the recipient or subrecipient.
(d) Be accorded steady therapy. For example, a price have to not be assigned to a Federal award for a immediate Price tag if some other Value incurred for a similar purpose in like circumstances has actually been allocated for the Federal award as an oblique Price.
(d) The receiver or subrecipient needs to have published treatments for procurement transactions. These methods will have to be sure that all solicitations:
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant money to:
A quick summary from the statutory or regulatory specifications of This system and its intended final result. The place correct, This system description, purpose, goals, and effectiveness measurement should align Together with the strategic ambitions and aims throughout the Federal agency's efficiency strategy and may assistance the Federal agency's general performance measurement, administration, shopper encounter initiatives, and reporting as demanded by Portion six of OMB Circular A-11;
indicates an award during which the Federal company, In line with specific statutory authority that allows the agency to training judgment (“discretion”), selects the recipient or the level of Federal funding awarded through a competitive system or based upon benefit of proposals. A discretionary award may very well be picked on the non-aggressive basis, as correct.
(b) A general performance bond about the contractor's part for 100% of your deal value. A general performance bond is usually a bond executed in connection with a contract to safe the fulfillment of many of the contractor's needs underneath a contract.
(six) Pension strategy prices might be computed using a pay out-as-you-go method or an actuarial Charge system identified by GAAP and subsequent the recipient's or subrecipient's recognized published procedures.
All activities which gain from the recipient's or subrecipient's indirect Value, including unallowable actions and donated products and services by the receiver or subrecipient or third functions, will get an suitable allocation of oblique expenditures.
(eight) Executive Summary. A short description which is composed in simple language and summarizes the objectives and aims of the program, the target market, and qualified applicants. The textual content of The chief summary mustn't exceed five hundred words and phrases; and
(ii) The go-by entity ought to not involve the usage of the de minimis oblique cost level if the subrecipient has an accepted oblique Price rate negotiated While using the Federal Federal government.
The Federal agency may well only use application information and facts collections permitted by OMB underneath the Paperwork Reduction Act of 1995 and more info OMB's utilizing regulations in five CFR part 1320 As well as in alignment with OMB-authorised, governing administration-vast info factors obtainable from your OMB-designated standards guide.
signifies fees created by a recipient or subrecipient to some project or plan for which a Federal award is obtained.