(ii) The top offered curiosity-bearing account wouldn't reasonably be envisioned to get paid fascination in excessive of $500 per year on Federal cash balances;
A agreement is for the purpose of acquiring items and expert services with the recipient's or subrecipient's use and creates a procurement partnership which has a contractor. Begin to see the definition of contract
(four) Frequent routine maintenance treatments has to be in place to make sure the assets is in good Doing work ailment.
(two) With the Federal company or go-by entity While using the consent from the recipient or subrecipient, wherein situation the two get-togethers need to agree on the termination ailments. These circumstances contain the efficient day and, in the situation of partial termination, the portion for being terminated;
If a deal is subject to CAS, costs need to be allotted to that agreement according to the Cost Accounting Specifications, which take precedence around the allocation provisions Within this section.
(ii) The recipient or subrecipient is delinquent inside of a debt to the United States as described in OMB Round A-129, “Policies for Federal Credit history Programs and Non-Tax Receivables.” Below these problems, the Federal agency or go-as a result of entity could, following offering realistic detect, withhold payments for the recipient or subrecipient for financial obligations incurred following a specified 200 cash day until the disorders are corrected or even the debt is repaid to the Federal Authorities.
(B) Two or maybe more accountable bidders are already recognized as prepared and ready to compete proficiently for your business; and
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(3) The disengagement from a undertaking for greater than a few months, or even a 25 % reduction in time and effort dedicated to the Federal award more than the training course on the duration of functionality, via the approved venture director or principal investigator.
(eleven) The receiver or subrecipient have to manage advance payments of Federal money in interest-bearing accounts unless one among the following applies:
(b) Unless of course expressly authorized by Federal statute, the receiver or subrecipient have to not use provides acquired Together with the Federal award to offer expert services for any payment that is certainly below A non-public company would charge for comparable solutions.
implies time interval involving the beginning and stop day of the Federal award, which can involve a number of spending budget intervals.
(1) A proposal to ascertain a cost allocation prepare or an indirect cost fee, whether or not submitted to your Federal cognizant agency for indirect prices or managed on file by the recipient, have to be Qualified from the recipient using the Certificate of Price Allocation Strategy
means a facility licensed being a healthcare facility under the regulation of any State or maybe a facility operated as a clinic by The us, a Condition, or maybe a subdivision of the Condition.