(a) The receiver or subrecipient ought to conduct a value or value Evaluation For each and every procurement transaction, together with agreement modifications, in excess of the simplified acquisition threshold. The tactic and diploma of research executed rely on the points bordering The actual procurement transaction.
When a substantial enhancement which could affect the Federal award takes place amongst performance reporting because of dates, the recipient or subrecipient will have to notify the Federal agency or go-by means of entity. Major developments involve events that empower Assembly milestones and aims sooner or at a lot less Price tag than expected or that produce various useful effects than originally prepared.
The Affiliation of fees having a Federal award establishes no matter whether prices are immediate or oblique. Fees billed directly to a Federal award are typically incurred specifically for that Federal award (like, for instance, materials essential to realize the award's objectives plus the proportion of personnel compensation and fringe Positive aspects expended in relation to that unique award).
Subparts B via D established forth the uniform administrative demands for Federal economical support. This contains establishing demands for Federal businesses management of Federal money aid programs just before a Federal award is designed, and necessities that Federal businesses could impose on recipients and subrecipients all over the lifecycle of a Federal award.
(2) PRHP costs calculated utilizing an actuarial Price method acknowledged by GAAP are allowable for any given fiscal 12 months When they are funded for that year inside of six months once the close of that calendar year. Expenses funded following 6 months (or even a later on period of time agreed to through the cognizant agency for oblique expenses) are allowable in the calendar year funded. The cognizant company for oblique expenditures might comply with an extension if an appropriate adjustment is created to compensate with the timing of the fees to your Federal Authorities and related Federal reimbursement along with the receiver's or subrecipient's contributions to the PRHP fund.
A quick summary from the statutory or regulatory prerequisites of the program and its intended end result. The place acceptable, This system description, function, objectives, and functionality measurement ought to align While using the strategic objectives and goals inside the Federal agency's functionality strategy and may guidance the Federal company's performance measurement, administration, purchaser practical experience initiatives, and reporting as needed by Part six of OMB Circular A-11;
For recipients and subrecipients in addition to States, payment procedures have to reduce some time elapsing in between the transfer of cash through the Federal company or perhaps the go-by entity along with the disbursement of money with the recipient or subrecipient irrespective of whether the payment is made by electronic cash transfer or by other suggests.
(1) A community or personal Corporation located in a rustic besides the United States and its territories which is subject into the regulations of the region through which it is found, no matter the citizenship of challenge team or position of general performance;
A convention means an occasion whose primary function is always to disseminate specialized information and facts beyond the recipient or subrecipient and is important and realistic for thriving overall performance underneath the Federal award. Allowable convention expenses might incorporate the rental more info of amenities, speakers' fees, attendance service fees, prices of foods and refreshments, neighborhood transportation, as well as other things incidental to such conferences Except further restricted with the stipulations with the Federal award.
There are certain situation through which the receiver or subrecipient may well utilize a noncompetitive procurement process. The noncompetitive procurement technique could only be made use of if one of the next conditions applies:
(ii) The costs are effectively supported by accepted cost allocation designs in accordance with relevant Federal Expense accounting rules; and
(i) In several partial payments. The amount of each payment in addition to the “milestone” or occasion triggering the payment, needs to be agreed to in advance and A part of the Federal award;
(four) A company situated in a rustic aside from America not acknowledged as being a international general public entity.
The Federal agency should make all funding options readily available for application for a minimum of sixty calendar days. However, the Federal agency may well modify The provision period of a possibility as essential. As an example, extending the interval might be required to give specialized support to an applicant pool which was not predicted if the announcement was built or has significantly less working experience with applying for Federal monetary help.