A Secret Weapon For 200 loan
A Secret Weapon For 200 loan
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(one) The receiver or subrecipient may possibly utilize a time-and-elements variety agreement only following a willpower that no other agreement is acceptable and If your agreement includes a ceiling price which the contractor exceeds at its individual danger.
The recipient or subrecipient have to keep data enough to detail the history of every procurement transaction. These records should incorporate the rationale to the procurement method, agreement variety assortment, contractor variety or rejection, and The premise with the deal rate.
means, for needs of § 200.330 or when used in connection with the acquisition or enhancement of actual house, products, or supplies under a Federal award, the dollar quantity that's the product or service on the:
(xii) Assistance Listings title and quantity; the move-through entity should recognize the dollar amount made available less than Every single Federal award plus the Guidance Listings Selection at time of disbursement;
(a) Awards to states, area governments, and Indian Tribes in many cases are carried out at the level of Office inside the Condition, community authorities, or Indian Tribe. A central company Value allocation prepare is established to allow this kind of department to claim a part of centralized service prices which might be incurred in proportion to your award's functions.
signifies the entity that owns or controls an instantaneous operator of the applicant or that owns or controls a number of entities that Handle an immediate operator of the applicant.
(h) The Federal agency ought to make each and every exertion to accomplish all closeout steps no later on than just one yr once the conclusion on the period of performance. When the indirect Price tag rate hasn't been finalized and would delay closeout, the Federal company is licensed to mutually agree Together with the recipient to shut an award working with The existing or most not too long ago negotiated level.
(a) Title to supplies acquired underneath the Federal award will vest upon acquisition within the receiver or subrecipient. When There exists a residual inventory of unused provides exceeding $ten,000 in aggregate price at the conclusion of the period of overall performance, as well as provides are not wanted for some other Federal award, the receiver or subrecipient may retain or offer more info the unused materials. Unused supplies means materials which might be in new situation, not obtaining been made use of or opened prior to. The mixture worth of unused provides is made of all offer types, not identical to-merchandise materials.
(2) “Made products and solutions” indicates merchandise and building products composed in total or partly of non-ferrous metals for instance aluminum; plastics and polymer-based mostly products which include polyvinyl chloride pipe; aggregates including concrete; glass, together with optical fiber; and lumber.
(three) The procurement is predicted to exceed the simplified acquisition threshold and specifies a “brand name title” item;
The applicant's file of controlling past and latest Federal awards, which include compliance with reporting needs and conformance for the terms and conditions of Federal awards, if applicable;
indicates a person procurement transaction for provides or companies, the combination degree of which does not exceed the micro-buy threshold. Micro-purchases comprise a subset of the receiver's or subrecipient's compact buys applying casual procurement procedures as established forth in § 200.320.
Title to equipment obtained underneath the Federal award will vest on acquisition during the recipient or subrecipient topic towards the situations of this section. This title must be a conditional title Except a Federal statute precisely authorizes the Federal company to vest title while in the recipient or subrecipient with out additional obligation into the Federal Govt (along with the Federal company elects to take action).
Direct fees are These prices that could be recognized precisely with a specific final Value objective, for instance a Federal award, or other internally or externally funded exercise, or which can be directly assigned to these routines rather very easily which has a large diploma of precision.