(1) The recipient or subrecipient may possibly utilize a time-and-products form agreement only following a willpower that no other contract is ideal and In case the contract includes a ceiling price the contractor exceeds at its own hazard.
(three) The disposal of scrap or surplus materials acquired while in the effectiveness of a Federal award besides when the recipient or subrecipient is reimbursed for disposal costs in a predetermined total; or
(four) When attaining substitution devices, the receiver or subrecipient may possibly both trade-in or provide the gear and use the proceeds to offset the expense of the replacement products.
The Federal company's or move-via entity's legal rights of entry are certainly not limited to the essential retention duration of this component but very last so long as the records are retained. Federal businesses or go-by way of entities have to not impose every other entry necessities on recipients and subrecipients.
(1) The receiver or subrecipient should be compensated beforehand, delivered it maintains or demonstrates the willingness to take care of both equally prepared treatments that limit some time elapsing among the transfer of money and disbursement through the recipient or subrecipient, and money administration programs that fulfill the expectations for fund Management and accountability as proven With this section. Progress payments to some receiver or subrecipient have to be limited to the minimum amount amounts wanted and be timed with actual, fast cash requirements with the recipient or subrecipient in carrying out the purpose of the approved method or undertaking.
Subpart E establishes rules for analyzing allowable charges incurred by recipients and subrecipients beneath Federal awards.
(b) Until expressly authorized by Federal statute, the receiver or subrecipient will have to not use provides acquired While using the Federal award to deliver products and services for a price that is certainly below a private corporation would charge for identical expert services.
(2) Over the time that devices is utilized within the job or 200 loan application for which it was acquired, the receiver or subrecipient must also make the tools available for use on other packages or initiatives supported by the Federal Govt, offered that these use will likely not interfere Using the purpose for which it had been initially acquired. First desire for other use in the tools has to be provided to other courses or assignments supported with the Federal agency that financed the machines.
That is a procurement strategy utilized when disorders usually are not suitable for working with sealed bids. This procurement approach may end in either a set-cost or Price tag-reimbursement contract. They may be awarded in accordance with the subsequent demands:
(4) If your receiver or subrecipient are not able to satisfy the criteria for progress payments as well as Federal company or move-by means of entity has determined that reimbursement is not feasible because the receiver or subrecipient lacks enough Doing work capital, the Federal company or pass-through entity may perhaps present funds on a Doing work money advance foundation. Underneath this course of action, the Federal agency or go-by entity have to advance income payments towards the receiver or subrecipient to go over its believed disbursement demands for an Original time period generally aligned into the recipient's or subrecipient's disbursing cycle.
The Federal company might tell applicants that they don't require to deliver particular information and facts already currently being gathered via other means.
(ii) The pass-as a result of entity ought to not demand using the de minimis indirect Value amount Should the subrecipient has an accredited oblique Expense level negotiated With all the Federal Governing administration.
(a) The prices consequence from economical obligations which were being properly incurred by the receiver or subrecipient ahead of the efficient day of suspension or termination, rather than in anticipation of it; and
(d) The final financial report submitted by the receiver need to be because of no later than a hundred and twenty calendar times after the summary of the duration of functionality. A subrecipient need to submit a closing fiscal report to a move-via entity no later than ninety calendar days once the conclusion of the period of overall performance.