(a) Bonding fees arise if the Federal agency needs assurance against financial loss to by itself or Other individuals because of an act or default with the recipient or subrecipient.
suggests all essential and applied investigate pursuits and all progress functions performed by a recipient or subrecipient. The term exploration also consists of actions involving the schooling of individuals in study approaches where by these types of routines use a similar facilities as other analysis and enhancement routines and exactly where these routines aren't included in the instruction function.
(b) A efficiency bond around the contractor's portion for 100 percent from the agreement selling price. A general performance bond is actually a bond executed in connection with a contract to secure the fulfillment of many of the contractor's necessities less than a contract.
(one) Costs to Federal awards for salaries and wages needs to be based on records that correctly mirror the perform performed. These data must:
(E) The receiver or subrecipient ought to doc and supply a justification for all bids it rejects.
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(a) The Federal company or move-via entity may review the technological specs of proposed procurements beneath the Federal award if the Federal company or pass-via entity believes the review is required to make certain that the product or assistance specified may be the a single getting proposed for acquisition. The receiver click here or subrecipient ought to submit the technological technical specs of proposed procurements when requested via the Federal company or move-through entity.
(five) Implements a program for any community purpose laid out in authorizing statute, as opposed to offering merchandise or services for the benefit of the pass-via entity.
usually means, for purposes of § 200.330 or when used in connection with the acquisition or advancement of authentic property, gear, or supplies under a Federal award, the greenback amount of money that's the products in the:
(i) In many partial payments. The level of Every single payment as well as the “milestone” or celebration triggering the payment, really should be agreed to in advance and included in the Federal award;
When tools acquired under a Federal award is now not necessary for the initial project, program, or for other activities at this time or Earlier supported by a Federal agency, the receiver or subrecipient ought to request disposition Guidance from the Federal company or pass-through entity if demanded via the stipulations in the Federal award.
System cash flow is deducted from the overall allowable fees, cutting down the general overall number of the Federal award.
You will discover particular situations during which the recipient or subrecipient may well utilize a noncompetitive procurement process. The noncompetitive procurement technique could only be applied if among the subsequent circumstances applies:
When included in the terms and conditions with the Federal award, the Federal agency may allow the recipient to keep gear, or authorize a go-as a result of entity to allow the subrecipient to keep products, without any further obligation into the Federal Govt Unless of course prohibited by Federal statute or regulation.