means a type of grant or cooperative arrangement pursuant to which the Federal agency or go-through entity presents a particular quantity of funding with no regard to real costs incurred beneath the Federal award.
These procurement procedures expedite the completion of transactions, minimize administrative burdens, and decrease fees. Casual procurement solutions can be made use of when the value of your procurement transaction under the Federal award does not exceed the simplified acquisition threshold as defined in § two hundred.
When a proposal, system, or other computation should be submitted to the Federal Federal government to kind The idea for negotiation of an indirect Expense rate (or other normal prices), then the three-yr retention interval for its supporting records starts off through the date of submission.
(2) Because of the Federal company or pass-through entity Along with the consent of your receiver or subrecipient, wherein circumstance the two get-togethers must concur on the termination ailments. These ailments include the effective date and, in the case of partial termination, the portion to be terminated;
(4) The procurement is expected to exceed the simplified acquisition threshold, as well as a sealed bid procurement is to be awarded to an entity in addition to the apparent lower bidder; or
(A) Bids has to be solicited from an suitable number of certified sources, offering them with adequate reaction time prior to the date established for opening the bids.
(five) A proposed contract modification adjustments the scope of click here a agreement or raises the contract quantity by in excess of the simplified acquisition threshold.
means a gaggle of Federal awards both awarded underneath a specific plan or team of courses or to a particular style of receiver or group of recipients to which distinct provisions or exceptions might use.
Proceeds from your sale of authentic home, devices, or supplies. The proceeds needs to be managed in accordance with the necessities on the Residence Benchmarks of §§ two hundred.
Dollars personal loan and cash progress apps are not regarded as payday lenders, but, like payday lenders they come with very significant costs.
indicates a receiver or subrecipient that provides a subaward to some subrecipient (including lessen tier subrecipients) to execute Portion of a Federal program. The authority on the move-via entity beneath this portion flows through the subaward arrangement amongst the go-by means of entity and subrecipient.
(7) A payment withheld for failure to comply with the stipulations with the Federal award have to be produced into the recipient or subrecipient upon subsequent compliance. Each time a Federal award is suspended, payment adjustments have to be designed in accordance with § two hundred.343.
(three) Costs of conducting standard liaison with information media and government community relations officers, on the extent that these kinds of activities are limited to communication and liaison essential to keep the public knowledgeable on issues of general public concern, like notices of funding chances or monetary matters.
(3) The disposal of scrap or surplus components acquired within the efficiency of a Federal award apart from in the event the receiver or subrecipient is reimbursed for disposal expenditures in a predetermined amount of money; or