usually means a Federal financial loan or loan assure been given or administered by a recipient or subrecipient, except as employed Within this section's definition of program earnings.
These procurement strategies expedite the completion of transactions, lower administrative burdens, and cut down fees. Informal procurement solutions could be used when the worth on the procurement transaction underneath the Federal award isn't going to exceed the simplified acquisition threshold as described in § two hundred.
(iv) The receiver or subrecipient may possibly use aggressive proposal techniques for qualifications-centered procurement of architectural/engineering (A/E) Experienced providers whereby the offeror's skills are evaluated, and by far the most experienced offeror is chosen, matter to negotiation of honest and realistic compensation.
(a) Title to intangible assets acquired below a Federal award vests on acquisition while in the recipient or subrecipient. The recipient or subrecipient need to use that intangible residence for your initially approved goal and must not encumber the home with no approval of your Federal agency or go-by means of entity.
(three) The general public exigency or crisis for that requirement will never allow a hold off ensuing from furnishing community detect of the aggressive solicitation;
(h) The tactic used for determining the worth of donated devices, structures, and land for which title passes towards the receiver or subrecipient may perhaps differ based on the following:
(1) more info The recipient or subrecipient need to use devices for your task or application for which it was acquired and for as long as necessary, if the job or application proceeds to become supported from the Federal award. The recipient or subrecipient will have to not encumber the gear without the need of prior acceptance from the Federal company or move-by means of entity.
(b) Should the Federal agency has no more will need to the home, it have to declare the residence surplus and report it for disposal to the suitable Federal disposal authority Until the Federal company has statutory authority to eliminate the residence by alternate methods (
(5) Should the recipient or subrecipient is approved or necessary to market the property, appropriate gross sales methods must be in position to be certain the best feasible return.
The recipient's or subrecipient's contracts ought to contain the relevant provisions explained in Appendix II of the component.
usually means information and facts that could be employed to distinguish or trace someone's id, either by itself or when combined with other own or figuring out facts that is definitely connected or linkable to a selected personal. Some PII is available in community sources such as telephone publications, Web-sites, and university listings.
Software income is deducted from the entire allowable costs, lowering the overall whole volume of the Federal award.
Irrespective of whether equipment is obtained partly or its entirety beneath the Federal award, the recipient or subrecipient need to control devices (which include alternative products) using methods that meet the next necessities:
The costs of particular actions usually are not allowable as fees to Federal awards. While these charges are unallowable, they must be treated as immediate fees for functions of deciding oblique Charge charges and become allocated their equitable share of the receiver's or subrecipient's indirect charges whenever they symbolize actions which: