(a) The receiver or subrecipient need to carry out a value or value Evaluation for every procurement transaction, which includes contract modifications, in excess of your simplified acquisition threshold. The tactic and degree of study done rely upon the facts encompassing The actual procurement transaction.
(one) Any expenditures when audits needed by The one Audit Act and subpart File of the component haven't been done, or have already been conducted but not in accordance with the necessities; and
The receiver or subrecipient is chargeable for analyzing an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its documented procurement methods, which can be decreased than, but should not exceed, the edge founded within the Considerably.
(2) When no Guidance Listings Amount is assigned, all Federal awards from the identical company built for the same intent need to be mixed and considered 1 plan.
(two) Benefits the two the Federal award along with other operate in the recipient or subrecipient and can be distributed in proportions Which might be approximated employing acceptable solutions; or
(i) Learns that any of that info is faulty, the Federal agency need to appropriate the information from the method inside of three small business days;
(B) Major improvements during the related perform activity (as outlined with the receiver's or subrecipient's published procedures) are check here promptly recognized and entered into your data.
means an award supplied by a pass-as a result of entity into a subrecipient for the subrecipient to lead towards the goals and aims in the challenge by carrying out part of a Federal award gained via the pass-by entity.
(ii) Prices for training activities done by college customers on Federal awards all through periods not included in IBS interval has to be based upon the penned plan with the IHE governing payment to college customers for instructing assignments for the duration of this sort of intervals.
Subject matter to the necessities and circumstances set forth In this particular portion, title to genuine house obtained or improved under the Federal award will vest upon acquisition while in the receiver or subrecipient.
(8) Government Summary. A quick description that's prepared in plain language and summarizes the aims and targets of the program, the target market, and eligible applicants. The text of The manager summary must not exceed five hundred phrases; and
(1) Make use of the tools with the authorized purposes of your project through the duration of efficiency or until finally the residence is now not required with the purposes from the project.
suggests time interval between the start and finish date of a Federal award, which can incorporate one or more finances periods.
You can find a few ways of making use of plan revenue: deduction; addition; and value-sharing. The Federal agency really should specify what application income technique(s) will likely be Utilized in the terms and conditions of the Federal award. The deduction method will probably be employed In the event the Federal agency doesn't specify a method for applying application profits. When no plan income method is laid out in the Federal award, prior acceptance is required to utilize the addition or Price tag sharing solutions.