(a) Bonding expenses come up in the event the Federal agency requires assurance versus money reduction to by itself or Other individuals as a result of an act or default in the receiver or subrecipient.
(one) The recipient or subrecipient may possibly request which the Federal agency or go-as a result of entity evaluate its procurement system to determine no matter whether it meets these expectations for its system to become Qualified.
The receiver or subrecipient is answerable for the settlement of all contractual and administrative challenges arising out of its procurement transactions. These issues involve, but are not limited to, resource evaluation, protests, disputes, and claims. These standards will not decrease the receiver or subrecipient of any contractual duties below its contracts.
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(E) The recipient or subrecipient should document and supply a justification for all bids it rejects.
The Federal company will have to not allow a transfer of resources that would trigger any Federal appropriation to be used for functions apart from those consistent with the get more info appropriation.
(2) A Actual physical inventory of the house must be done, and the effects has to be reconciled While using the assets information not less than as soon as each two many years.
(5) Implements a program for the community goal specified in authorizing statute, rather than giving merchandise or solutions for the advantage of the move-by entity.
(3) The disengagement from a task for much more than three months, or even a 25 % reduction in time and effort dedicated to the Federal award about the course from the period of effectiveness, with the permitted job director or principal investigator.
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Demands for advancement and submission of oblique Price tag amount proposals and value allocation ideas are contained in the subsequent Appendices:
(6) Other awards under which the receiver or subrecipient is not necessary to account for actual costs incurred.
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OMB will evaluation Federal company regulations and implementation of this portion. OMB will provide interpretations of coverage specifications and aid to guarantee successful, economical, and steady implementation.