200 loan for Dummies
200 loan for Dummies
Blog Article
When appropriate for the procurement or use of frequent or shared items and products and services, recipients and subrecipients are inspired to enter into Point out and native intergovernmental agreements or inter-entity agreements for procurement transactions.
(two) The procurement is predicted to exceed the simplified acquisition threshold and is to become awarded with no Competitors, or only one bid is anticipated to be obtained in response to some solicitation;
(3) Dividing procurement transactions into independent procurements to permit most participation by these organization types;
(three) Notwithstanding the encouragement in § 200.307 to gain program profits, the recipient or subrecipient must not use devices obtained With all the Federal award to supply products and services for your cost that's less than A non-public firm would cost for very similar companies unless specifically authorized by Federal statute.
(2) Rewards each the Federal award as well as other perform in the recipient or subrecipient and will be dispersed in proportions Which might be approximated employing acceptable approaches; or
A receiver or subrecipient need to ask for prior penned acceptance from your Federal agency or go-via entity for the next application and price range-similar factors:
(one) The sole 200 loan basis with the willpower is the applicant's prior file of performance on administering Federal awards or its record of integrity and enterprise ethics, as explained in § two hundred.
(one) Charges to Federal awards for salaries and wages needs to be according to information that correctly mirror the operate performed. These records ought to:
The recipient or subrecipient is accountable for the settlement of all contractual and administrative challenges arising outside of its procurement transactions. These troubles include, but will not be restricted to, supply analysis, protests, disputes, and promises. These criteria will not decrease the recipient or subrecipient of any contractual duties less than its contracts.
(ii) Obtains an update to that facts that might be useful to other Federal companies, the Federal agency is strongly encouraged to amend the knowledge while in the program to include the update in a very timely way.
The applicant's record of controlling previous and present-day Federal awards, like compliance with reporting demands and conformance on the terms and conditions of Federal awards, if applicable;
usually means the auditor's finest estimate of complete questioned prices, not just the regarded questioned costs. Most likely questioned prices are produced by extrapolating from audit proof attained, by way of example, by projecting known questioned expenses identified in an audit sample to all the populace from which the sample was drawn.
Pension program costs incurred in accordance Along with the founded published guidelines of your recipient or subrecipient are allowable, provided that:
(b) For prices covering a foreseeable future fiscal 12 months on the receiver or subrecipient, the unallowable expenditures needs to be removed from the oblique cost swimming pools and the prices needs to be altered.