(b) The prices are adequately supported by approved Price tag allocation programs in accordance with the applicable Expense accounting ideas of this portion; and
Unless of course prohibited by Federal statute, the Federal agency must structure and execute a advantage evaluate technique of apps for discretionary Federal awards. The objective of the advantage evaluation procedure is to pick out recipients most probably to achieve success in delivering results depending on the program goals as outlined in section § two hundred.202. A merit assessment is undoubtedly an objective means of evaluating Federal award applications in accordance with the penned specifications on the Federal agency.
signifies a form of grant or cooperative arrangement pursuant to which the Federal agency or pass-via entity offers a specific amount of funding without having regard to genuine charges incurred beneath the Federal award.
The Federal agency will have to announce certain funding opportunities for Federal economic aid that could be overtly competed. The phrase brazenly competed usually means chances that aren't directed to one or more precisely recognized applicants. Into the extent doable, the Federal company must converse possibilities to the general public in basic language to make sure the announcement is obtainable to various communities of suitable applicants, like underserved communities.
means the procedure by which the Federal company or go-by entity establishes that every one relevant administrative steps and all needed operate on the Federal award have been concluded and can take steps as explained in § two hundred.344.
(6) Specifying merely a “model title” product or service as opposed to allowing “an equivalent” products for being offered and describing the functionality or other pertinent necessities of your procurement; website and
implies an award wherein the Federal company, In step with particular statutory authority that permits the agency to training judgment (“discretion”), selects the recipient or the level of Federal funding awarded via a competitive process or dependant on merit of proposals. A discretionary award could be picked with a non-aggressive basis, as proper.
(b) Once the closeout with the Federal award, a partnership designed beneath the Federal award could possibly be modified or ended in total or partly. This will only be carried out While using the consent from the awarding Federal agency or move-as a result of entity as well as the recipient or subrecipient, offered the duties of the recipient or subrecipient referred to in paragraph (a) of this segment, which includes People for property management as applicable, are regarded as and provisions are created for continuing obligations on the receiver or subrecipient, as suitable.
The expense of fringe Rewards in the form of regular compensation compensated to staff through intervals of approved absences through the position, which include for once-a-year depart, relatives-similar depart, Ill depart, holidays, court docket leave, armed service go away, administrative depart, along with other identical Positive aspects, are allowable if all of the next conditions are fulfilled:
Topic to the requirements and ailments established forth Within this segment, title to real house acquired or enhanced under the Federal award will vest upon acquisition from the receiver or subrecipient.
The applicant's report of running former and current Federal awards, including compliance with reporting requirements and conformance to the stipulations of Federal awards, if relevant;
Some nonprofit corporations, as a consequence of their sizing and mother nature of functions, is usually considered to be comparable to for-income businesses regarding the applicability of Price tag principles. These nonprofit companies ought to operate beneath Federal Expense rules that use to for-earnings organizations located at 48 CFR 31.
(iii) Contracts need to be awarded on the responsible offeror whose proposal is most advantageous for the receiver or subrecipient looking at price tag as well as other elements; and
indicates the (complete) price of the asset including the Expense to All set the asset for its intended use. One example is, acquisition Value for gear usually means The web invoice price of the tools, such as the expense of any modifications, attachments, equipment, or auxiliary equipment needed to make it usable with the purpose for which it is actually acquired.