(1) The receiver or subrecipient may make use of a time-and-supplies form agreement only after a resolve that no other agreement is suitable and In the event the contract includes a ceiling cost the contractor exceeds at its possess possibility.
The subsequent is a summary of definitions of vital terms routinely used in two CFR part two hundred. Definitions found in Federal statutes or regulations that utilize to particular packages acquire priority above the following definitions.
(i) In circumstances of conflict between the requirements of relevant portions of the section along with the stipulations on the contract, the stipulations with the deal as well as the Considerably prevail.
Subparts B as a result of D set forth the uniform administrative requirements for Federal economical help. This contains establishing demands for Federal organizations management of Federal monetary guidance systems in advance of a Federal award is built, and specifications that Federal agencies might impose on recipients and subrecipients all over the lifecycle of a Federal award.
(six) Other awards below which the recipient or subrecipient just isn't required to account for genuine expenditures incurred.
indicates enough time interval from the beginning date of a funded part of an award to the tip day of that funded portion, through which recipients and subrecipients are authorized to incur financial obligations of your resources awarded, which includes any money carried ahead or other revisions pursuant to § 200.308.
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(one) A general public or private Firm situated in a rustic besides The us and its territories that is topic on the rules with the region through which it is situated, irrespective of the citizenship of project workers or spot of overall performance;
(ii) Analysis conclusions publicly cited by a Federal company in building an agency motion that has the pressure and outcome of law.
(e) In the event the recipient or subrecipient accepts a loan or grant, it is certifying that it's going to adjust to the prohibition on protected telecommunications machines and companies in this part.
Estimates based on earlier yr funding are acceptable if recent appropriations usually are not available at the time from the submission;
The recipient or subrecipient should, in a minimum amount, provide the equal insurance policy protection for actual assets and tools acquired or enhanced with Federal funds as delivered to house and equipment owned with the recipient or subrecipient.
(1) The value in the remaining life of the property recorded from the recipient's or subrecipient's accounting documents at enough time of donation.
When a recipient or subrecipient transfers title towards the residence to some Federal company or 3rd party selected or approved because of the Federal agency, the recipient or subrecipient is entitled being paid an total calculated by multiplying the percentage on the receiver's or subrecipient's contribution toward the initial order of the real house (and value of any advancements) by the current reasonable market value of the residence.