(a) This area provides principles to get utilized in developing the allowability of certain objects involved in determining Price, Besides other necessities of this subpart. These ideas utilize whether or not a selected Charge product is adequately dealt with to be a immediate or indirect cost.
Micro-buys could possibly be awarded with out soliciting competitive value or level quotations When the recipient or subrecipient considers the worth realistic based upon investigation, expertise, acquire background, or other information; and maintains documents to assistance its summary. Purchase playing cards could possibly be utilised as being a way of payment for micro-purchases.
(four) When attaining substitute devices, the recipient or subrecipient might both trade-in or provide the tools and use the proceeds to offset the cost of the replacement equipment.
(d) The receiver or subrecipient will need to have written procedures for procurement transactions. These techniques must ensure that all solicitations:
Irrespective of whether equipment is acquired in part or its entirety beneath the Federal award, the recipient or subrecipient should regulate gear (together with substitute gear) utilizing techniques that meet up with the subsequent prerequisites:
signifies the documentation identifying, accumulating, and allocating or building billing fees according to the allowable fees of providers provided by a Condition, local government, or Indian Tribe to its departments and agencies on a centralized foundation. The prices of these providers could possibly be allocated or billed to consumers.
(3) The accounting foundation (funds or accrual) chosen for costing Every single type of go away is continually accompanied by the recipient or subrecipient or simply a specified grouping of workforce.
(b) When establishing overall performance reporting frequency and material, the Federal agency really should take into account what data is going to be essential to evaluate the recipient's development, to detect promising practices of recipients, and Construct the proof upon which the Federal company would make system and performance conclusions.
(h) The strategy useful for deciding the worth of donated tools, buildings, and land for which title passes to your recipient or subrecipient may well vary according to the pursuing:
Federal companies ought to build conflict of interest guidelines for Federal awards. A recipient or subrecipient ought to disclose in writing any prospective conflict of fascination to the Federal company or move-via entity in accordance While using the set up Federal website company policies.
(1) Is fair with the providers rendered and conforms for the recognized created coverage of your receiver or subrecipient continuously placed on both Federal and non-Federal pursuits;
(one) Use the products for that authorized uses from the job in the period of functionality or until the assets is now not desired for the purposes of the task.
When practical, the recipient or subrecipient is encouraged to employ benefit engineering clauses in contracts for construction tasks of adequate dimensions to offer reasonable prospects for Value reductions.
(1) The charges may be described on the cash or accrual basis so long as the methodology is disclosed and continuously utilized.