(b) The Federal agency or pass-via entity have to acquire monetary reviews no fewer than per year. The Federal company or move-by entity might not obtain financial reports additional commonly than quarterly Until a particular situation is carried out in accordance with § 200.
Estimates based upon preceding calendar year funding are suitable if existing appropriations are certainly not readily available at time with the submission;
(b) A general performance bond about the contractor's component for 100% of the deal cost. A effectiveness bond is usually a bond executed in connection with a contract to protected the fulfillment of all of the contractor's needs below a contract.
means Individuals charges incurred for a typical or joint function benefitting multiple Charge aim instead of quickly assignable to the associated fee targets specially benefitted, with no exertion disproportionate to the final results accomplished. It might be needed to establish multiple swimming pools of indirect costs to aid equitable distribution of oblique charges to the associated fee goals served.
(three) The procurement is predicted to exceed the simplified acquisition threshold and specifies a “brand name” item;
generally implies an individual participating in or attending system actions under a Federal award, including trainings or conferences, but who's not to blame for implementation on the Federal award. Persons committing effort and hard work to the event or shipping of software routines under a Federal award (which include consultants, undertaking personnel, or personnel customers of a receiver or subrecipient) are usually not contributors.
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(three) Dividing procurement transactions into separate procurements to permit most participation by these business styles;
(g) The recipient or subrecipient must not receive or maintain any income ensuing from Federal monetary support Until explicitly licensed from the stipulations in the Federal award.
(four) Almost every other entity consisting wholly or partly 200 cash of a number of foreign governments or foreign governmental entities.
normally signifies an organization or entity arranged for the purpose of earning a revenue. The term features but is not really limited to:
(f) To the extent per established methods and authorized needs applicable into the recipient or subrecipient, this subpart doesn't prohibit recipients or subrecipients from developing penned treatments for procurement transactions that include a scoring mechanism that benefits bidders that commit to specific figures and kinds of U.S. Positions, minimal compensation, Positive aspects, on-the-occupation-training for employees building perform items or delivering services over a deal, together with other worker protections.