(i) Precise severance payments for standard turnover must be allocated to all functions; or, exactly where the receiver or subrecipient supplies for just a reserve for usual severances, this kind of system is acceptable In the event the charge to existing operations is reasonable in mild of payments created for regular severances more than a consultant previous time period, and if quantities billed are allocated to all functions of the recipient or subrecipient.
(a) Bonding expenditures crop up if the Federal company requires assurance towards economic reduction to by itself or Other individuals thanks to an act or default in the receiver or subrecipient.
The receiver or subrecipient is accountable for deciding an correct simplified acquisition threshold based on inner controls, an analysis of chance, and its documented procurement procedures, which can be reduce than, but need to not exceed, the edge founded in the FAR.
(A) Bids needs to be solicited from an adequate amount of experienced resources, supplying them with enough reaction time ahead of the date established for opening the bids.
(i) An authorized indirect Expense fee negotiated involving the subrecipient and also the Federal Authorities. If no authorized level exists, a pass-by entity will have to decide the right amount in collaboration While using the subrecipient. The indirect Price tag amount can be possibly:
means the entity that owns or controls an immediate proprietor of an applicant or that owns or controls a number of entities that Manage an instantaneous proprietor of an applicant.
usually means an award where the Federal agency, Consistent with particular statutory authority that permits the company to physical exercise judgment (“discretion”), selects the receiver or the amount of Federal funding awarded via a competitive system or depending on benefit of proposals. A discretionary award could be picked on the non-aggressive basis, as appropriate.
(iv) Any time a receiver or subrecipient establishes or converts to an appropriate actuarial Charge approach, as described by GAAP, and cash pension prices in accordance with this method, the unfunded legal responsibility at some time of conversion is allowable if amortized over a period of several years in accordance with GAAP.
(ii) Prices for teaching routines done by school customers on Federal awards during periods not included in IBS interval needs to be according to the prepared coverage of the IHE governing payment to school customers for instructing assignments all through this sort of periods.
Topic to the necessities and disorders established forth On this segment, title to authentic assets read more acquired or enhanced under the Federal award will vest upon acquisition while in the receiver or subrecipient.
A cost is fair if it does not exceed an amount that a prudent particular person would incur beneath the conditions prevailing when the decision was manufactured to incur the price. In pinpointing the reasonableness of a supplied Price, thought need to be provided to the next:
(ii) The pass-as a result of entity should not involve the use of the de minimis oblique cost fee In case the subrecipient has an authorised indirect Value rate negotiated Along with the Federal Government.
(iii) Contracts must be awarded for the dependable offeror whose proposal is most advantageous to your recipient or subrecipient contemplating price tag as well as other variables; and
The recipient and subrecipient are responsible for the oversight of your Federal award. The recipient and subrecipient must observe their pursuits under Federal awards to make certain They're compliant with all prerequisites and meeting performance expectations.