5 Simple Techniques For 200 loan

5 Simple Techniques For 200 loan

Blog Article

(one) The recipient's or subrecipient's procurement techniques or Procedure fails to comply with the procurement specifications During this section;

(three) The disposal of scrap or surplus products obtained in the general performance of a Federal award besides when the receiver or subrecipient is reimbursed for disposal expenditures in a predetermined volume; or

(B) Two or maybe more accountable bidders have already been identified as ready and capable to compete efficiently for your business enterprise; and

(3) Notwithstanding the encouragement in § two hundred.307 to make method cash flow, the receiver or subrecipient ought to not use equipment acquired Along with the Federal award to deliver companies for any price that is fewer than A non-public organization would cost for equivalent companies Except if especially licensed by Federal statute.

(one) Is used to enter into a partnership, the principal purpose of which is to transfer everything of worth to execute a general public objective licensed by a legislation of The usa (see 31 U.

(six) Specifying merely a “brand name name” item as an alternative to letting “an equivalent” merchandise to become offered and describing the general performance or other suitable demands in the procurement; and

(3) The Federal agency will have to provide a duplicate of the full textual content of the final conditions and terms if a receiver requests it.

When it really is expected that the duration of general performance will contain multiple finances durations, the Federal agency have to reveal that subsequent budget intervals are subject to The supply of cash, software authority, satisfactory performance, and compliance Along with the terms and conditions on the Federal award.

(two) “Created merchandise” implies goods and development components composed in entire or in part of non-ferrous metals such as aluminum; plastics and polymer-based mostly items including polyvinyl chloride pipe; aggregates like concrete; glass, such as optical fiber; and lumber.

(3) The procurement is anticipated to exceed the simplified acquisition threshold and 200 loan specifies a “manufacturer name” products;

(b) In certain scenarios, the quantities been given from the Federal Government to finance actions or support operations in the recipient or subrecipient should be handled as applicable credits.

means the auditor's ideal estimate of whole questioned prices, not merely the regarded questioned expenditures. Very likely questioned prices are made by extrapolating from audit proof attained, one example is, by projecting acknowledged questioned costs discovered in an audit sample to the entire populace from which the sample was drawn.

The receiver and subrecipient must implement these principles in deciding allowable expenses underneath Federal awards. The recipient and subrecipient have to also use these rules for a manual in pricing fastened-value contracts and subcontracts when prices are used in analyzing the appropriate cost. These cost ideas never apply to:

The recipient and subrecipient are to blame for the oversight with the Federal award. The recipient and subrecipient need to monitor their routines below Federal awards to make sure They can be compliant with all needs and Conference effectiveness expectations.