(a) Title to intangible house acquired underneath a Federal award vests on acquisition inside the recipient or subrecipient. The recipient or subrecipient have to use that intangible assets for that originally approved intent and need to not encumber the home with no acceptance with the Federal company or move-by means of entity.
(E) The receiver or subrecipient have to document and provide a justification for all bids it rejects.
(2) With the Federal company or go-by entity Together with the consent of the receiver or subrecipient, in which situation the two functions must concur on the termination situations. These problems contain the helpful day and, in the situation of partial termination, the portion to become terminated;
indicates a payment that a Federal agency or move-by way of entity can make by any proper payment mechanism and payment strategy ahead of the receiver or subrecipient disburses the cash for plan reasons.
(two) PRHP fees calculated using an actuarial cost approach recognized by GAAP are allowable for just a provided fiscal 12 months if they are funded for that 12 months in 6 months following the conclude of that 12 months. Expenses funded right after six months (or maybe a later on interval agreed to through the cognizant agency for indirect charges) are allowable during the year funded. The cognizant company for indirect costs could conform to an extension if an correct adjustment is made to compensate to the timing of the charges towards the Federal Authorities and associated Federal reimbursement as well as the receiver's or subrecipient's contributions for the PRHP fund.
(1) Learns that any of that information and facts is faulty, the Federal agency will have to proper the information within the method inside of 3 business enterprise days; and
This Get hold of variety is just for Web-site assist or Web-site tips. When you've got thoughts or feedback regarding a broadcast doc be sure to contact the publishing company.
(a) Title to supplies obtained beneath the Federal award will vest on acquisition in the receiver or subrecipient. When There's a residual inventory of unused provides exceeding $ten,000 in mixture price at the conclusion of the duration of general performance, as well as the supplies are usually not required for another Federal award, the receiver or subrecipient may well keep or sell the unused provides. Unused provides signifies materials which might be in new condition, not obtaining been used or opened prior to. The mixture worth of unused supplies includes all supply forms, not just check here like-item materials.
(five) A proposed deal modification improvements the scope of the agreement or raises the contract amount by over the simplified acquisition threshold.
(ii) An insurance provider or trustee that will preserve a have faith in fund or reserve for the only real intent of furnishing write-up-retirement Added benefits to retirees and other beneficiaries.
(iii) Appeared unreasonable and did not mirror the steps a prudent man or woman would consider in the instances.
(B) The invitation for bids ought to outline the items or solutions with specific information and facts, which includes any necessary specs, for that bidder to appropriately respond;
When simple, the receiver or subrecipient is inspired to make use of worth engineering clauses in contracts for design projects of adequate measurement to provide reasonable possibilities for Value reductions.
Intra-IHE consulting by school ought to be carried out being an IHE responsibility necessitating no compensation In combination with IBS. Nonetheless, in strange cases the place session is throughout departmental strains or entails a independent or remote operation, as well as the operate carried out because of the school associates is Along with their typical duties, any expenses for these kinds of get the job done symbolizing additional compensation above IBS are allowable furnished that this kind of consulting arrangements are expressly licensed from the Federal award or accepted in composing through the Federal company.