200 loan - An Overview

200 loan - An Overview

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(1) The receiver or subrecipient may possibly utilize a time-and-resources kind deal only after a resolve that no other deal is appropriate and If your contract includes a ceiling price the contractor exceeds at its own hazard.

(3) The disposal of scrap or surplus materials acquired inside the efficiency of a Federal award other than when the receiver or subrecipient is reimbursed for disposal prices in a predetermined amount; or

(2) From the Federal company or move-via entity While using the consent of your receiver or subrecipient, through which scenario The 2 parties will have to agree upon the termination situations. These circumstances include the helpful date and, in the situation of partial termination, the part for being terminated;

(A) Bids should be solicited from an ample quantity of qualified sources, giving them with adequate reaction time just before the date set for opening the bids.

(e) The amount or proportion of unallowable costs A part of on a yearly basis's price will be assumed to become similar to the quantity or proportion of unallowable expenses included in the base calendar year proposal employed to determine the speed.

(i) The value of donated residence needs to be established in accordance click here Together with the accounting procedures in the recipient or subrecipient with the subsequent qualifications:

(three) The accounting foundation (income or accrual) chosen for costing Just about every variety of go away is continuously followed by the receiver or subrecipient or possibly a specified grouping of staff.

The Federal company could modify the danger assessment at any time through the duration of effectiveness, which can justify alterations to your conditions and terms from the Federal award. See § 200.208.

indicates a Federal award for which the start day is contiguous with, or intently follows, the end of the expiring Federal award. The start date of the renewal award commences a completely new and distinctive period of functionality.

Authentic residence, devices, and intangible residence acquired or improved While using the Federal award needs to be held in trust with the receiver or subrecipient as trustee for the beneficiaries on the undertaking or plan under which the property was acquired or enhanced.

(one) Is sensible to the expert services rendered and conforms for the established prepared plan with the recipient or subrecipient continually applied to each Federal and non-Federal functions;

The costs incurred by a recipient or subrecipient to recover improper payments, including improper overpayments, are allowable as either immediate or oblique prices, as appropriate.

(a) All procurement transactions beneath the Federal award should be executed in the manner that gives entire and open competition and is particularly in keeping with the specifications of this section and § two hundred.320.

implies costs produced by a recipient or subrecipient to some task or method for which a Federal award is received.