(b) The prices are properly supported by permitted Expense allocation programs in accordance With all the applicable Charge accounting ideas of this component; and
The recipient's or subrecipient's contracts have to consist of the applicable provisions explained in Appendix II of this element.
Initiate a 1-time extension with the period of general performance by as much as twelve months Except if one or more of the situations outlined in paragraphs (g)(two)(i) through (iii) of this portion utilize. Prior acceptance is not really essential if a receiver is licensed within the conditions and terms of the Federal award to initiate a a person-time extension. Nevertheless, the recipient should notify the Federal agency in creating Along with the supporting justification as well as a revised duration of general performance no less than ten calendar times ahead of the summary with the period of efficiency.
means economic obligations incurred with the receiver or subrecipient but not paid (liquidated) for financial studies geared up on a hard cash foundation.
Unless of course the Federal agency expressly authorizes an arrangement, a recipient or subrecipient have to observe its composed insurance policies and techniques regarding the permissible extent of professional products and services which might be delivered outdoors the receiver or subrecipient for non-organizational payment.
usually means the entity that owns or controls an instantaneous proprietor of the applicant or that owns or controls a number of entities that Handle an immediate operator of an applicant.
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(b) A effectiveness bond within the contractor's component for one hundred pc in the agreement value. A overall performance bond is usually a bond executed in connection with a agreement to secure the fulfillment of all the contractor's requirements beneath a agreement.
This is a procurement method utilized when conditions usually are not appropriate for using sealed bids. This procurement method may perhaps bring about possibly a fixed-price or Value-reimbursement contract. They're awarded in accordance with the subsequent demands:
(iii) Fewer than entire compliance With all the statistical sampling specifications famous in paragraph (five)(i) could be recognized by the cognizant company for oblique costs if it concludes the quantities allotted to Federal awards is going to here be small or if it concludes which the method proposed because of the receiver or subrecipient will end in decrease costs to Federal awards than the usual system which complies While using the criteria.
(k) For institutions of higher education and learning (IHE), voluntary uncommitted Value sharing should be addressed differently from obligatory or voluntary committed Value sharing. Voluntary uncommitted cost sharing shouldn't be included in the structured analysis foundation for computing the indirect Charge fee or mirrored in any allocation of indirect prices.
(1) Use the products for the approved reasons with the task throughout the duration of efficiency or until eventually the home is no more required for your uses of the undertaking.
The expense of fringe Positive aspects in the form of employer contributions or bills for social stability; staff life, health and fitness, unemployment, and worker's payment insurance policies (apart from as indicated in § 200.447); pension strategy expenditures; together with other related Advantages are allowable, supplied these types of Rewards are permitted below founded composed insurance policies.
Demands for progress and submission of indirect Price tag charge proposals and value allocation ideas are contained in the subsequent Appendices: