(a) The recipient or subrecipient ought to complete a price or price Evaluation For each and every procurement transaction, such as contract modifications, in excessive with the simplified acquisition threshold. The strategy and degree of study done depend on the details bordering the particular procurement transaction.
(three) The value of donated space need to not exceed the truthful rental value of equivalent Room as set up by an independent appraisal of similar Place and amenities in the privately-owned building in the same locality.
(4) When buying substitution machines, the receiver or subrecipient might either trade-in or sell the tools and utilize the proceeds to offset the expense of the replacement machines.
indicates the Federal agency to blame for reviewing, negotiating and approving Expense allocation options or oblique Value proposals on behalf of all Federal organizations.
suggests the procedure by which the Federal company or pass-through entity determines that all relevant administrative steps and all required get the job done from the Federal award have already been accomplished and usually takes steps as described in § 200.344.
That percentage of auto expenses furnished via the recipient or subrecipient that relates to private use by staff members (which includes transportation to and from do the job) is unallowable being a fringe reward or indirect prices regardless of whether the fee is documented as taxable money to the employees.
means an award wherein the Federal company, Consistent with unique statutory authority that permits the agency to physical exercise judgment (“discretion”), selects the receiver or the amount of Federal funding awarded by way of a aggressive system or depending on merit of proposals. A discretionary award might be chosen with a non-competitive basis, as acceptable.
(1) The receiver or subrecipient will have to keep created benchmarks of carry out covering conflicts of interest and governing the steps of its employees engaged in the selection, award, and administration of contracts. No staff, officer, agent, or board member with a true or obvious conflict of fascination might engage in the selection, award, or administration of the deal supported through the Federal award. A conflict of desire includes when the employee, officer, agent, or board member, any member of their rapid household, their husband or wife, or an organization that employs or is about to utilize any on the events indicated herein, contains a monetary or other curiosity in or even a tangible private benefit from an entity regarded as for the agreement.
(b) The following sections are usually not intended to be a comprehensive listing of opportunity objects of Price encountered underneath Federal awards. Failure to say a certain item of Value, such as for example in particular sections, will not be meant to imply that it is both allowable or unallowable. When determining the allowability for an item of Price, Just about every case needs to be based on the treatment offered for identical or related things of Value and depending on the rules explained in §§ two hundred.
True assets, equipment, and intangible assets obtained or improved with the Federal award have to be held in rely on with the recipient or subrecipient as trustee to the beneficiaries from the challenge or system underneath which the property was obtained or enhanced.
suggests an entity that gets a subaward from a go-via entity to perform Component of a Federal award. The time period subrecipient doesn't incorporate a beneficiary or participant. A subrecipient can also be described as a receiver of other Federal awards straight from a Federal company.
(5) Severance payments to international nationals used by the recipient or subrecipient exterior The us mainly because of the termination from the international nationwide due to the closing of, or curtailment of activities by, the recipient or subrecipient in that nation, are unallowable Except if They are really either:
The aggregate greenback amount of the procurement transaction is increased compared to micro-invest in threshold but will not exceed the simplified acquisition threshold. If simplified acquisition strategies are applied, selling price or fee quotations must be acquired from an enough variety of certified website resources.
(one) Fringe Advantages in the form of undergraduate and graduate tuition or tuition remission for particular person staff are allowable, supplied these Gains are granted in accordance with founded published guidelines in the IHE and are dispersed to all IHE routines on an equitable basis. Tuition benefits for loved ones aside from the employee are unallowable.