signifies tangible personalized property (such as info engineering devices) having a valuable life of more than one yr as well as a for each-unit acquisition Value that equals or exceeds the lesser of the capitalization amount proven via the recipient or subrecipient for fiscal assertion needs, or $ten,000.
These procurement techniques expedite the completion of transactions, lower administrative burdens, and minimize costs. Casual procurement solutions may very well be applied when the worth on the procurement transaction underneath the Federal award will not exceed the simplified acquisition threshold as defined in § two hundred.
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(xii) Support Listings title and quantity; the pass-via entity must determine the greenback amount designed out there less than Every single Federal award plus the Help Listings Number at enough time of disbursement;
(four) The procurement is predicted to exceed the simplified acquisition threshold, in addition to a sealed bid procurement will be to be awarded to an entity besides the evident minimal bidder; or
means the documentation determining, accumulating, and allocating or establishing billing fees depending on the allowable costs of products and services supplied by a Point out, nearby governing administration, or Indian Tribe to its departments and companies on the centralized foundation. The costs of such solutions may very well be allocated or billed to people.
The prior acceptance prerequisites for the actions described in paragraph (g) of the portion are automatically waived for Federal awards that guidance analysis Unless of course stipulated from the Federal agency's polices or conditions and terms on the Federal award.
(a) This segment provides principles to become used in setting up the allowability of particular goods linked to identifying Charge, Besides other prerequisites of this subpart. These ideas implement whether a specific Charge product is properly handled as being a direct or indirect Expense.
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Genuine assets, tools, and intangible assets acquired or improved Together with the Federal award have to be held in have faith in via the recipient or subrecipient as trustee with the beneficiaries on the project or application less than which the home was obtained or enhanced.
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usually means monetary obligations incurred by the recipient or subrecipient although not compensated (liquidated) for economical reports geared up on a cash basis.
(h) The Federal company must make every single exertion to accomplish all closeout steps no afterwards than a single year once the end from the duration of general performance. If your indirect cost rate hasn't been finalized and would delay closeout, the Federal agency is licensed to mutually concur Using the receiver to shut an award making use of the current or most lately negotiated rate.
means an entity that receives a Federal award straight from a Federal agency to perform an exercise under a Federal software. The get more info time period recipient will not incorporate subrecipients or individuals which might be contributors or beneficiaries from the award.