(ii) The receiver or subrecipient should have created strategies for conducting technical evaluations and creating picks.
(one) The expression “immediate loan” suggests a disbursement of money because of the Federal Government into a non-Federal borrower under a contract that needs the repayment of these kinds of cash with or without fascination. The expression includes the purchase of, or participation in, a loan created by One more lender and financing arrangements that defer payment for over 90 times, including the sale of a Federal Govt asset on credit rating conditions.
(five) In case the receiver or subrecipient is authorized or necessary to sell the assets, good sales techniques have to be in position to ensure the highest feasible return.
(2) The time period “direct loan obligation” signifies a binding settlement by a Federal agency to create a direct loan when specified ailments are fulfilled via the borrower.
(2) PRHP costs calculated working with an actuarial cost process acknowledged by GAAP are allowable for your given fiscal 12 months if they are funded for that yr within just six months following the conclude of that 12 months. Expenses funded immediately after 6 months (or simply a afterwards time period agreed to because of the cognizant company for indirect expenses) are allowable from the calendar year funded. The cognizant agency for oblique prices may perhaps comply with an extension if an suitable adjustment is built to compensate for the timing of the costs for the Federal Federal government and relevant Federal reimbursement plus the receiver's or subrecipient's contributions into the PRHP fund.
Subpart E establishes concepts for identifying allowable read more costs incurred by recipients and subrecipients less than Federal awards.
(iv) The receiver or subrecipient could use competitive proposal methods for skills-based procurement of architectural/engineering (A/E) professional companies whereby the offeror's qualifications are evaluated, and essentially the most experienced offeror is selected, subject to negotiation of fair and acceptable compensation.
(e) The recipient or subrecipient should make sure that all prequalified lists of folks, companies, or merchandise used in procurement transactions are latest and incorporate adequate certified resources to be sure most open up Levels of competition.
(vi) Aid the distribution of the worker's income or wages among the specific routines or Charge objectives if the worker performs on more than one Federal award; a Federal award and non-Federal award; an indirect Price tag exercise and a immediate Charge action; two or even more indirect actions allotted applying diverse allocation bases; or an unallowable action as well as a direct or oblique Value activity.
True residence, machines, and intangible property obtained or improved With all the Federal award have to be held in belief by the receiver or subrecipient as trustee for your beneficiaries in the undertaking or plan under which the assets was obtained or improved.
(four) If a recipient or subrecipient establishes or converts to an actuarial Price tag process and resources PRHP expenditures in accordance with this process, the Preliminary unfunded liability attributable to prior decades is allowable if amortized around a duration of a long time in accordance with GAAP, or, if no this sort of GAAP period exists, over a time period negotiated Along with the cognizant agency for indirect expenditures.
usually means an individual procurement transaction for provides or solutions, the mixture volume of which would not exceed the micro-purchase threshold. Micro-purchases comprise a subset of the recipient's or subrecipient's compact buys applying casual procurement solutions as established forth in § 200.320.
(ii) The most effective offered desire-bearing account wouldn't moderately be envisioned to earn fascination in extra of $500 annually on Federal dollars balances;
Necessities for progress and submission of indirect Price rate proposals and price allocation programs are contained in the following Appendices: