(a) The receiver or subrecipient need to execute a price or selling price Investigation for every procurement transaction, including contract modifications, in extra from the simplified acquisition threshold. The strategy and degree of research carried out rely on the info bordering the particular procurement transaction.
(three) The worth of donated Room will have to not exceed the truthful rental value of equivalent space as established by an unbiased appraisal of equivalent space and services in a very privately-owned building in the same locality.
(three) Dividing procurement transactions into individual procurements to allow most participation by these organization styles;
(two) A Actual physical inventory of your home has to be conducted, and the final results has to be reconciled While using the assets records a minimum of the moment each two a long time.
(nine) The Federal agency or go-via entity ought to not have to have separate depository accounts for funds supplied towards the recipient or subrecipient or create any eligibility specifications for depositories.
The reasonableness and allocability of sure costs under Federal awards might be tricky to determine. To stop subsequent disallowance or dispute according to unreasonableness or nonallocability, the receiver may possibly seek the prior published approval in the Federal agency (or, for oblique charges, the cognizant agency for indirect expenses) right before incurring the associated fee.
(iv) The recipient or subrecipient may perhaps use competitive proposal procedures for qualifications-primarily based procurement of architectural/engineering (A/E) Qualified expert services whereby the offeror's skills are evaluated, and one of the most capable offeror is chosen, topic to negotiation of fair and sensible payment.
means PII (see definition With this area), apart from PII that should be disclosed by legislation. Samples of PII incorporate, but are certainly not restricted to, social security variety; copyright amount; credit card numbers; clearances, financial institution figures; biometrics; day and area of delivery; mom's maiden identify; felony, health care and financial records; and educational transcripts.
(ii) Investigation findings publicly cited by a Federal agency in creating an agency motion that has the drive and effect of legislation.
(ii) Where by sabbatical go away is A part of fringe Gains for which a price is determined for evaluation as a immediate demand, the combination degree of these types of assessments applicable to all perform on the institution through the foundation time period has to be sensible in relation for the IHE's real experience underneath its sabbatical depart policy.
A price is realistic if it does not exceed an amount of money that a prudent particular person would incur under the situation prevailing when the choice was created to incur the cost. In analyzing the reasonableness of a specified Price, thought must be supplied to the following:
(eight) A payment will have to not be created to your receiver or subrecipient for amounts the recipient or subrecipient withholds from contractors to assure satisfactory completion of labor.
Pension strategy costs incurred in accordance Using the recognized prepared guidelines of the check here receiver or subrecipient are allowable, offered that:
(d) The final fiscal report submitted from the recipient have to be owing no later on than a hundred and twenty calendar times following the conclusion in the period of functionality. A subrecipient will have to submit a last fiscal report back to a go-by entity no later on than ninety calendar days once the summary in the duration of functionality.