(b) The Federal company or pass-via entity will have to accumulate financial studies no fewer than on a yearly basis. The Federal agency or go-as a result of entity may well not acquire money reports extra frequently than quarterly Except a specific problem is executed in accordance with § two hundred.

These procurement strategies expedite the completion of transactions, lower administrative burdens, and minimize charges. Casual procurement approaches can be made use of when the value with the procurement transaction beneath the Federal award doesn't exceed the simplified acquisition threshold as described in § two hundred.

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The prices incurred by a recipient or subrecipient to Get better inappropriate payments, such as improper overpayments, are allowable as both immediate or indirect expenses, as ideal.

If a agreement is issue to CAS, fees should be allocated to that agreement based on the Cost Accounting Specifications, which acquire precedence more than the allocation provisions Within this section.

(iii) Contracts must be awarded to your dependable offeror whose proposal is most beneficial to your recipient or subrecipient considering value as well as other factors; and

There is absolutely no universal rule for classifying particular costs as direct or oblique charges. A cost could possibly be direct for many precise assistance or function but indirect for the Federal award or other remaining Charge objective.

(one) The only foundation for the determination may be the applicant's prior record of overall performance on administering Federal awards or its record of integrity and organization ethics, as explained in § 200.

(2) Has its effectiveness measured in relation to if the targets of a Federal method were being fulfilled;

The recipient's or subrecipient's contracts should incorporate the relevant provisions described in Appendix II of the element.

Incur job costs 90 calendar days before the Federal award day. Charges incurred more than 90 calendar days before the Federal award date involve prior approval on the Federal company. All expenditures incurred before the Federal award day are in the recipient's very own chance (

(six) Specifying just a “brand title” product or service in place of making it possible for “an equal” product or service to be supplied and describing the general performance or other suitable prerequisites of your procurement; here and

You'll find precise instances by which the receiver or subrecipient may perhaps make use of a noncompetitive procurement system. The noncompetitive procurement process might only be employed if one among the next situations applies:

implies an entity that receives a Federal award directly from a Federal company to execute an activity beneath a Federal application. The term receiver won't consist of subrecipients or persons which are individuals or beneficiaries with the award.