A subaward is for the purpose of carrying out a portion of the Federal award and makes a Federal fiscal assistance relationship using a subrecipient. See the definition of Subaward
(three) The worth of donated space will have to not exceed the honest rental value of equivalent space as established by an independent appraisal of similar Place and services inside a privately-owned setting up in exactly the same locality.
(i) In conditions of conflict concerning the requirements of applicable portions of the element plus the conditions and terms in the contract, the terms and conditions in the agreement plus the Much prevail.
(i) Whenever a receiver or subrecipient works by using the funds foundation of accounting, the expense of leave is acknowledged within the period which the leave is taken and paid out for.
(i) An authorised oblique cost level negotiated between the subrecipient and also the Federal Governing administration. If no accepted fee exists, a go-by means of entity must figure out the suitable fee in collaboration With all the subrecipient. The indirect Price tag fee might be either:
(2) While the devices is being used to the initially-authorized reason, the recipient or subrecipient should not dispose of or encumber its title or other passions without the approval with the Federal company or pass-by entity.
(3) The Federal agency will have to give a duplicate of the total text of the overall stipulations if a receiver requests it.
(e) The receiver or subrecipient should ensure that all prequalified click here lists of people, corporations, or products and solutions Utilized in procurement transactions are present and include things like more than enough experienced resources to guarantee optimum open Competitiveness.
A value is allocable to the Federal award or other Value goal if the cost is assignable to that Federal award or other Charge goal in accordance With all the relative Positive aspects acquired. This regular is achieved if the price satisfies any of the next criteria:
(iii) Lower than complete compliance With all the statistical sampling standards famous in paragraph (five)(i) may be acknowledged through the cognizant company for oblique expenses if it concludes that the amounts allocated to Federal awards will probably be small or if it concludes which the process proposed from the receiver or subrecipient will result in decrease expenditures to Federal awards than a process which complies With all the requirements.
There is not any common rule for classifying specified fees as immediate or oblique expenses. A price may very well be direct for some distinct services or functionality but indirect for the Federal award or other closing Price aim.
The recipient or subrecipient need to, at a bare minimum, provide the equivalent insurance coverage for actual property and gear acquired or enhanced with Federal resources as supplied to residence and products owned with the receiver or subrecipient.
(a) All procurement transactions beneath the Federal award needs to be executed in a very way that gives complete and open Levels of competition which is per the expectations of this portion and § 200.320.
(1) The fees might be reported over a money or accrual foundation provided that the methodology is disclosed and consistently applied.