When suitable for the procurement or use of prevalent or shared goods and companies, recipients and subrecipients are encouraged to enter into State and native intergovernmental agreements or inter-entity agreements for procurement transactions.
(3) The disposal of scrap or surplus resources obtained in the effectiveness of the Federal award apart from in the event the receiver or subrecipient is reimbursed for disposal costs in a predetermined sum; or
(d) Be accorded constant treatment. As an example, a cost ought to not be assigned to some Federal award like a immediate Price tag if almost every other cost incurred for a similar intent in like instances has actually been allocated to your Federal award being an oblique cost.
means financial obligations incurred via the receiver or subrecipient but not paid out (liquidated) for money studies organized on a hard cash foundation.
(one) The recipient or subrecipient has to be paid out upfront, furnished it maintains or demonstrates the willingness to keep up both equally prepared methods that reduce time elapsing in between the transfer of cash and disbursement because of the recipient or subrecipient, and economical management techniques that meet the expectations for fund control and accountability as established in this portion. Progress payments to your recipient or subrecipient need to be limited to the minimum amount amounts needed and be timed with actual, speedy dollars demands of your recipient or subrecipient in finishing up the purpose of the accredited system or venture.
usually means the documentation determining, accumulating, and allocating or producing billing fees dependant on the allowable charges of expert services provided by a State, neighborhood federal government, or Indian Tribe to its departments and agencies on a centralized foundation. The prices of these companies may very well be allotted or billed to end users.
For recipients and subrecipients other than States, payment procedures will have to limit time elapsing in between the transfer of money with the Federal agency or the pass-by means of entity as well as disbursement of funds by the recipient or subrecipient regardless of whether the payment is made by Digital resources transfer or by other indicates.
(e) The recipient or subrecipient ought to be certain that all prequalified lists of individuals, firms, or products and solutions Employed in procurement transactions are recent and incorporate adequate qualified resources to make sure maximum open up Opposition.
(3) Establish any extra specifications which the offerors should satisfy and all other elements that could be Utilized in evaluating bids or proposals.
usually means the quantity of funds underneath a Federal award which the recipient or subrecipient has not obligated. The amount is computed by subtracting the cumulative amount of the recipient's or subrecipient's unliquidated money obligations and expenses under the Federal award from the cumulative quantity of cash the Federal company or go-through entity authorized the receiver or subrecipient to obligate.
signifies a payment that should not read more have been designed or that was built in an incorrect volume below statutory, contractual, administrative, or other lawfully applicable necessities. The phrase inappropriate payment features: any payment to an ineligible recipient; any payment for an ineligible superior or provider; any copy payment; any payment for an excellent or assistance not gained, except for All those payments exactly where approved by legislation; any payment that is not approved by legislation; and any payment that doesn't account for credit for applicable special discounts. See OMB Circular A-123 Appendix C, Necessities for Payment Integrity Improvement
(8) A payment must not be made to some receiver or subrecipient for amounts that the receiver or subrecipient withholds from contractors to guarantee satisfactory completion of work.
(ii) The best accessible curiosity-bearing account would not reasonably be anticipated to earn fascination in surplus of $five hundred every year on Federal hard cash balances;
indicates charges made by a recipient or subrecipient to a project or application for which a Federal award is gained.