200 loan Fundamentals Explained
200 loan Fundamentals Explained
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(a) The recipient or subrecipient ought to carry out a cost or selling price Assessment For each procurement transaction, like contract modifications, in excessive with the simplified acquisition threshold. The strategy and diploma of analysis done depend upon the specifics surrounding the particular procurement transaction.
The receiver's or subrecipient's methods need to steer clear of the acquisition of unneeded or duplicative things. Thing to consider need to be given to consolidating or breaking out procurements to acquire a far more inexpensive invest in.
The recipient or subrecipient is liable for identifying an suitable simplified acquisition threshold based on internal controls, an analysis of danger, and its documented procurement procedures, which can be reduced than, but have to not exceed, the threshold founded while in the FAR.
(1) The recipient or subrecipient might ask for which the Federal agency or pass-by way of entity overview its procurement program to determine regardless of whether it fulfills these specifications for its method to generally be certified.
usually means the procedure by which the Federal agency or move-via entity decides that all relevant administrative actions and all necessary get the job done on the Federal award are already completed and can take steps as described in § two hundred.344.
(two) Whilst the devices is being used for that originally-approved reason, the receiver or subrecipient ought to not eliminate or encumber its title or other interests without the acceptance of the Federal company or pass-by entity.
(iv) The recipient or subrecipient might use competitive proposal treatments for skills-centered procurement of architectural/engineering (A/E) Skilled expert services whereby the offeror's qualifications are evaluated, and quite possibly the most skilled offeror is selected, subject to negotiation of good and acceptable compensation.
The Federal company might modify the danger assessment Anytime in the course of the duration of functionality, which can justify alterations to your conditions and terms of the Federal award. See § 200.208.
(vi) Support the distribution of the employee's salary or wages among particular things to do or Price aims if the employee is effective on multiple Federal award; a Federal award and non-Federal award; an indirect Price tag activity and a direct Value activity; two or maybe more indirect things to do allotted using distinct allocation bases; or an unallowable action in addition to a direct or indirect Price activity.
This is the procurement process during which bids are publicly solicited through an invitation and a business mounted-selling price contract (lump sum or unit price tag) is awarded on the accountable bidder whose bid conforms with all the material conditions and terms on the invitation and is the lowest in value. The sealed bids procurement process is chosen for procuring design providers.
(4) If a receiver or subrecipient establishes or converts to an actuarial Charge process and cash PRHP costs in accordance with this technique, the First unfunded liability attributable to prior years is allowable if amortized over a period of several years in accordance with GAAP, or, if no this sort of GAAP period exists, in excess of a time period negotiated With all the cognizant company for oblique fees.
(i) In numerous partial payments. The quantity of Each individual payment plus the “milestone” or event triggering the payment, ought to be agreed to upfront and included in the Federal award;
usually usually means a corporation or entity arranged for the goal of earning a financial gain. The phrase involves but just isn't restricted to:
An running department may perhaps deliver companies to a different operating Division of get more info the exact same Point out, neighborhood governing administration, or Indian Tribe. In these situations, the expense of expert services provided could include things like allowable immediate costs from the provider moreover a professional-rated share of indirect charges. A normal oblique Price tag level equal to 15 per cent on the immediate salaries and wages for supplying the services (excluding extra time, shift premiums, and fringe Added benefits) might be utilised in place of deciding the particular oblique expenditures with the assistance.