A receiver or subrecipient that has a present-day Federal negotiated oblique Price tag price may apply for a a single-time extension of that settlement for approximately 4 a long time. This extension are going to be topic to review and acceptance with the cognizant company for indirect prices. If this extension is granted, the receiver or subrecipient may well not ask for a charge review until eventually the extension interval finishes.
The subsequent is a listing of definitions of vital conditions frequently Employed in two CFR component 200. Definitions present in Federal statutes or laws that utilize to particular systems just take priority about the following definitions.
The receiver or subrecipient is chargeable for pinpointing an correct simplified acquisition threshold dependant on internal controls, an evaluation of chance, and its documented procurement procedures, which may be lower than, but should not exceed, the brink proven while in the FAR.
(2) The receiver's or subrecipient's historical past of compliance Along with the conditions and terms of Federal awards;
(two) Advantages equally the Federal award and also other perform with the recipient or subrecipient and will be distributed in proportions That could be approximated making use of fair procedures; or
A quick summary of the statutory or regulatory prerequisites of the program and its intended final result. Where by appropriate, This system description, objective, targets, and efficiency measurement must align While using the strategic plans and aims in the Federal company's effectiveness plan and will assistance the Federal agency's overall performance measurement, management, shopper encounter initiatives, and reporting as required by Component six of OMB Circular A-eleven;
When gear acquired under check here a Federal award is no longer wanted for the first venture, system, or for other pursuits currently or Earlier supported by a Federal agency, the recipient or subrecipient have to ask for disposition Guidance within the Federal agency or pass-by entity if demanded with the stipulations with the Federal award.
(b) A general performance bond over the contractor's part for one hundred pc from the agreement value. A functionality bond is really a bond executed in connection with a agreement to safe the fulfillment of each of the contractor's prerequisites below a agreement.
usually means a Federal award for which the beginning day is contiguous with, or carefully follows, the tip of the expiring Federal award. The start date of the renewal award commences a new and unique period of efficiency.
suggests the composed acceptance acquired ahead of time by a certified Formal of a Federal company or go-as a result of entity of particular prices or programmatic choices.
(b) In certain instances, the amounts received within the Federal Government to finance actions or support operations of your recipient or subrecipient must be treated as relevant credits.
(g) Donated house from 3rd parties could involve products such as tools, Business supplies, laboratory supplies, or workshop and classroom supplies. The assessed value of donated residence bundled as Expense sharing must not exceed the property's good industry benefit at enough time on the donation.
(iii) Contracts have to be awarded to the responsible offeror whose proposal is most useful on the recipient or subrecipient looking at price tag along with other factors; and
(two) Are unallowable since they will not be allocable to your Federal award(s), need to be modified, or a refund must be produced in accordance with the requirements of this section. These changes or refunds are meant to accurate the proposals employed to ascertain the costs and don't constitute a reopening of the rate negotiation.