(1) The recipient or subrecipient must maintain composed standards of conduct masking conflicts of interest and governing the actions of its employees engaged in the choice, award, and administration of contracts. No employee, officer, agent, or board member with an actual or evident conflict of curiosity may perhaps take part in the choice, award, or administration of a contract supported because of the Federal award. A conflict of interest includes when the worker, officer, agent, or board member, any member in their quick loved ones, their associate, or a company that employs or is about to hire any from the parties indicated herein, provides a monetary or other interest in or perhaps a tangible individual take advantage of an entity regarded for the deal.
Unless of course the Federal agency expressly authorizes an arrangement, a receiver or subrecipient must comply with its composed guidelines and strategies in regards to the permissible extent of Specialist services that could be furnished outside the receiver or subrecipient for non-organizational compensation.
indicates the procedure by which the Federal company or move-via entity decides that each one relevant administrative steps and all required get the job done of the Federal award are already finished and takes steps as described in § two hundred.344.
(a) All procurement transactions beneath the Federal award needs to be performed inside of a fashion that gives complete and open up Opposition and is also in step with the benchmarks of the portion and § two hundred.320.
(2) Over the time that tools is applied around the project or application for which it was acquired, the recipient or subrecipient should also make the machines accessible for use on other courses or tasks supported with the Federal Federal government, furnished that this kind of use will not interfere Using the function for which it had been originally obtained. To start with choice for other use in the tools need to be provided to other applications or assignments supported from the Federal company that financed the devices.
(2) “Produced solutions” indicates objects and design resources composed in whole or partially of non-ferrous metals including aluminum; plastics and polymer-dependent goods such as polyvinyl chloride pipe; aggregates like concrete; glass, which includes optical fiber; and lumber.
(four) When obtaining substitute equipment, the recipient or subrecipient may possibly either trade-in or sell the products and use the proceeds to offset the cost of the substitute products.
All pursuits which gain from the receiver's or subrecipient's oblique Price tag, which includes unallowable things to do and donated services through the recipient or subrecipient or third parties, will receive an proper allocation of indirect fees.
(3) The disengagement from a job for greater than three months, or possibly a twenty five p.c reduction in time and effort devoted to the Federal award above the system of your period of efficiency, because of the approved venture director or principal investigator.
Genuine assets, products, and intangible assets acquired or improved Using the Federal award should be held in trust with the receiver or subrecipient as trustee for the beneficiaries on the project or system less than which the assets was obtained or enhanced.
the Federal agency is not really needed to reimburse these costs If your receiver will not receive read more the Federal award or Should the Federal award is fewer than anticipated and insufficient to go over this sort of costs).
usually means economic obligations incurred from the recipient or subrecipient but not compensated (liquidated) for financial experiences well prepared on the cash basis.
A price is affordable if it doesn't exceed an amount that a prudent particular person would incur underneath the instances prevailing when the choice was produced to incur the price. In figuring out the reasonableness of a provided Charge, thing to consider needs to be presented to the next:
The next is a summary of definitions of important phrases routinely used in 2 CFR portion two hundred. Definitions found in Federal statutes or rules that apply to certain systems take precedence above the next definitions.