(ii) The recipient or subrecipient should have written techniques for conducting technological evaluations and producing picks.
suggests a receiver or subrecipient that provides a subaward to your subrecipient (which includes reduced tier subrecipients) to perform Section of a Federal method. The authority of the move-via entity beneath this component flows in the subaward settlement concerning the pass-by means of entity and subrecipient.
(four) When obtaining substitute machines, the recipient or subrecipient may well both trade-in or provide the equipment and utilize the proceeds to offset the cost of the substitution equipment.
(i) Any time a recipient or subrecipient works by using the income basis of accounting, the price of go away is acknowledged from the time period that the go away is taken and paid for.
(6) Other awards under which the receiver or subrecipient is not really necessary to account for true fees incurred.
(ii) Measuring the costs of irregular or mass severance spend by way of an accrual approach is not going to accomplish fairness for equally parties. For that reason, accruals usually are not allowable.
Incentive compensation to staff members based upon Price reduction, productive overall performance, suggestion awards, or basic safety awards is allowable to your extent that the general compensation is decided being fair and such expenditures are paid or accrued Based on an agreement entered into in superior religion amongst the receiver or subrecipient and the staff before the products and services ended up rendered, or As outlined by a longtime approach accompanied by the receiver or subrecipient so continually concerning suggest, in influence, an settlement to produce these kinds of payment.
If a agreement is subject matter to CAS, expenditures have to be allocated to that deal in accordance with the Cost Accounting Standards, which take priority above the allocation provisions in this section.
These procurement strategies expedite the completion of transactions, lessen administrative burdens, and cut down prices. Informal procurement procedures may be employed when the value with the procurement transaction under the Federal award does not exceed the simplified acquisition threshold as defined in § two hundred.
This is a procurement method wherein bids are publicly solicited through an invitation in addition to a business mounted-price tag agreement (lump sum or unit price) is awarded into the accountable bidder whose bid conforms with all the material conditions and terms in the invitation and is particularly the bottom in price. The sealed bids procurement technique is desired for procuring design companies.
(k) For institutions of better schooling (IHE), voluntary uncommitted Charge sharing needs to be handled in a different way from necessary or voluntary dedicated cost sharing. Voluntary uncommitted Charge sharing shouldn't be included in the organized study base for computing the indirect cost rate or reflected in any allocation of indirect costs.
The receiver or subrecipient should, in a minimum, present the equal coverage coverage for true property and devices obtained or improved with Federal money as supplied to residence and equipment owned by the recipient or subrecipient.
usually means Charge sharing specially pledged voluntarily inside the proposal's spending plan click here to the Component of the recipient or subrecipient, which gets a binding requirement with the Federal award. See § two hundred.306.
implies the (total) expense of the asset including the Price tag to Prepared the asset for its supposed use. By way of example, acquisition Price for machines signifies The web invoice price of the equipment, such as the cost of any modifications, attachments, extras, or auxiliary apparatus important to ensure it is usable for your goal for which it is acquired.