suggests a payment that a Federal agency or pass-as a result of entity helps make by any ideal payment mechanism and payment process ahead of the recipient or subrecipient disburses the resources for program applications.
signifies an auditor who is a public accountant or possibly a Federal, State, neighborhood federal government, or Indian Tribe audit Business that fulfills the overall standards specified for exterior auditors in normally accepted federal government auditing expectations (GAGAS). The time period auditor doesn't contain interior auditors of nonprofit organizations.
(iv) The receiver or subrecipient may well use competitive proposal processes for qualifications-based mostly procurement of architectural/engineering (A/E) professional services whereby the offeror's qualifications are evaluated, and probably the most certified offeror is selected, subject matter to negotiation of truthful and realistic payment.
Apart from in which or else authorized by statute, expenditures ought to satisfy the subsequent criteria to generally be allowable beneath Federal awards:
indicates the amount of resources underneath a Federal award the recipient or subrecipient hasn't obligated. The amount is computed by subtracting the cumulative quantity of the receiver's or subrecipient's unliquidated economical obligations and expenditures underneath the Federal award in the cumulative level of funds the Federal company or pass-as a result of entity approved the receiver or subrecipient to obligate.
(e) The recipient or subrecipient should make sure that all prequalified lists of folks, corporations, or solutions Utilized in procurement transactions are recent and include things like sufficient capable resources to be certain highest open up Level of competition.
When sensible, the recipient or subrecipient is inspired to employ value engineering clauses in contracts for construction tasks of adequate size to offer affordable options for Price reductions.
The recipient or subrecipient is answerable for figuring out an proper simplified acquisition threshold based upon internal controls, an analysis of hazard, and its documented procurement procedures, which may be reduced than, but should not exceed, the threshold set up while in the Much.
(five) In the event the recipient or subrecipient is authorized or needed to promote the residence, proper product sales strategies should be in position to be certain the very best possible return.
Genuine house, gear, and intangible property obtained or enhanced While using the Federal award should be held in belief with the receiver or subrecipient as trustee to the beneficiaries of the project or application below which the residence was acquired or improved.
When conducting procurement transactions beneath a Federal award, a State or Indian Tribe have to Keep to the same insurance policies and strategies it makes use of for procurements with non-Federal money. If these guidelines and methods never exist, States and Indian Tribes will have to Adhere to the procurement standards in §§ two hundred.
Initiate a 1-time extension with the period of efficiency by as many as twelve months Until a number of of your problems outlined in paragraphs (g)(2)(i) by way of (iii) of this segment apply. Prior acceptance is just not expected if a recipient is authorized within the terms and conditions in the Federal award to initiate a one-time extension. However, the receiver ought to notify the Federal agency in writing with the supporting justification in addition to a revised period of performance not less than 10 calendar times prior to the conclusion on the period of general performance.
(a) The Federal agency click here or move-via entity have to close out the Federal award when it decides that all administrative steps and needed do the job in the Federal award are accomplished. When the recipient or subrecipient fails to accomplish the necessary administrative actions or maybe the necessary operate for an award, the Federal company or pass-by entity need to carry on with closeout depending on the data out there. This portion specifies the administrative actions essential at the conclusion of the duration of functionality.
means an entity that receives a Federal award directly from a Federal company to execute an action below a Federal application. The time period receiver does not involve subrecipients or folks that are individuals or beneficiaries of your award.