(one) The recipient's or subrecipient's procurement techniques or Procedure fails to adjust to the procurement specifications In this particular section;
(1) The phrase “immediate loan” signifies a disbursement of funds via the Federal Government into a non-Federal borrower less than a deal that needs the repayment of these types of resources with or without having fascination. The term features the purchase of, or participation in, a loan created by One more lender and funding preparations that defer payment for over ninety days, including the sale of a Federal Federal government asset on credit phrases.
indicates a value objective that has allocated to it equally direct and indirect charges and, while in the recipient's or subrecipient's accumulation system, is amongst the ultimate accumulation details, which include a particular award, inner challenge, or other direct exercise of the recipient or subrecipient. See also the definitions of Value goal
(xii) Support Listings title and variety; the go-through entity need to identify the dollar quantity created available below Every single Federal award as well as Help Listings Range at some time of disbursement;
indicates tangible own property (including data technological innovation techniques) aquiring a practical life of more than one yr in addition to a for each-unit acquisition Value that equals or exceeds the lesser with the capitalization level recognized because of the recipient or subrecipient for fiscal statement needs, or $ten,000.
The receiver or subrecipient is to blame for identifying and documenting an acceptable micro-acquire threshold dependant on interior controls, an analysis of hazard, and its documented procurement procedures. The micro-obtain threshold utilized by the receiver or subrecipient needs to be licensed or not prohibited under State, community, or tribal laws or regulations.
When gear acquired beneath a Federal award is no more desired for the first challenge, software, or for other pursuits at the moment or previously supported by a Federal agency, the receiver or subrecipient must request disposition Guidelines with the Federal agency or go-through entity if expected because of the conditions and terms from the Federal award.
(e) The receiver or subrecipient should make sure all prequalified lists of folks, firms, or solutions Employed in procurement transactions are current and include things like adequate competent resources to ensure greatest open Level of more info competition.
(iii) The depository would require an average or least stability so superior that it would not be feasible Using the anticipated Federal and non-Federal dollars sources;
indicates the prepared approval acquired upfront by a certified official of a Federal company or go-via entity of sure charges or programmatic decisions.
You can find three forms of procurement methods explained With this area: informal procurement methods (for micro-buys and simplified acquisitions); formal procurement solutions (by sealed bids or proposals); and noncompetitive procurement approaches.
(one) Utilize the gear for your licensed needs on the job over the duration of effectiveness or until the home is no more necessary for your applications from the undertaking.
Title to machines obtained beneath the Federal award will vest upon acquisition within the recipient or subrecipient matter on the ailments of this segment. This title have to be a conditional title Except if a Federal statute especially authorizes the Federal agency to vest title from the recipient or subrecipient with out additional obligation to your Federal Federal government (as well as the Federal agency elects to do so).
(one) The costs might be described over a money or accrual foundation given that the methodology is disclosed and continuously used.