(a) This part gives principles for being utilized in developing the allowability of selected goods involved in identifying cost, Together with other specifications of the subpart. These principles use whether a selected Charge item is adequately dealt with to be a direct or oblique Value.
usually means a recipient or subrecipient that gives a subaward to some subrecipient (which include decrease tier subrecipients) to execute Element of a Federal application. The authority from the pass-by entity under this component flows from the subaward agreement concerning the move-as a result of entity and subrecipient.
(4) Regular routine maintenance strategies have to be in place to make sure the property is in good Operating issue.
(three) Notwithstanding the encouragement in § two hundred.307 to generate method cash flow, the receiver or subrecipient will have to not use gear obtained Along with the Federal award to deliver providers for any cost that is lower than A personal enterprise would demand for very similar expert services Except specially licensed by Federal statute.
(two) Benefits both of those the Federal award and also other do the job with the recipient or subrecipient and might be distributed in proportions That could be approximated utilizing realistic procedures; or
signifies some time interval from the beginning day of a funded part of an award to the tip day of that funded portion, in the course of which recipients and subrecipients are approved to incur monetary obligations with the resources awarded, including any funds carried forward or other revisions pursuant to § 200 loan two hundred.308.
implies an award during which the Federal agency, in keeping with particular statutory authority that permits the company to physical exercise judgment (“discretion”), selects the receiver or the level of Federal funding awarded through a competitive procedure or based upon advantage of proposals. A discretionary award can be chosen with a non-competitive basis, as proper.
The Federal company may modify the danger assessment at any time in the course of the period of functionality, which may justify changes on the conditions and terms of your Federal award. See § 200.208.
implies a bunch of Federal awards both awarded under a particular method or team of courses or to a specific form of receiver or team of recipients to which precise provisions or exceptions may well apply.
The subsequent usually are not regarded software profits Except if laid out in Federal statutes, regulations, or the conditions and terms of your Federal award:
(two) The outcome of prior audits. This involves looking at if the subrecipient receives an individual Audit in accordance with subpart F plus the extent to which the identical or related subawards have been audited as An important method;
(B) The invitation for bids need to define the merchandise or products and services with precise data, which include any demanded technical specs, for the bidder to properly reply;
(a) The prices consequence from economical obligations which were correctly incurred with the recipient or subrecipient before the helpful day of suspension or termination, rather than in anticipation of it; and
There are a few ways of applying system profits: deduction; addition; and price-sharing. The Federal company should really specify what program earnings strategy(s) will be used in the terms and conditions from the Federal award. The deduction approach is going to be utilised If your Federal company isn't going to specify a way for making use of software cash flow. When no software cash flow strategy is specified in the Federal award, prior acceptance is necessary to use the addition or Charge sharing strategies.