The 2-Minute Rule for 200 cash
The 2-Minute Rule for 200 cash
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The combination number of the procurement transaction doesn't exceed the micro-invest in threshold outlined in § two hundred.1. For the extent practicable, the receiver or subrecipient really should distribute micro-purchases equitably between certified suppliers.
(B) The invitation for bids must determine the items or expert services with precise information and facts, such as any demanded specifications, with the bidder to adequately answer;
suggests the penned acceptance received upfront by a certified official of the Federal agency or go-via entity of specific charges or programmatic choices.
(a) All procurement transactions underneath the Federal award should be carried out in the way that gives entire and open Level of competition and is also in step with the criteria of this portion and § two hundred.320.
(a) Voluntary dedicated Price sharing just isn't anticipated below Federal exploration grants. The Federal agency may well not use voluntary dedicated Price tag sharing as a factor throughout the benefit assessment of purposes or proposals for Federal exploration grants unless approved by Federal statutes or company rules and laid out in the discover of funding possibility.
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(a) Title to materials acquired beneath the Federal award will vest on acquisition during the receiver or subrecipient. When There exists a residual stock of unused provides exceeding $ten,000 in mixture price at the end of the period of overall performance, and also the materials are not required for any other Federal award, the recipient or subrecipient might 200 cash keep or market the unused provides. Unused supplies implies materials that are in new ailment, not owning been used or opened in advance of. The mixture price of unused provides includes all provide kinds, not identical to-product materials.
(two) Has its functionality calculated in relation to if the objectives of a Federal software were being met;
Authentic home, equipment, and intangible property acquired or enhanced Using the Federal award must be held in have confidence in by the recipient or subrecipient as trustee for that beneficiaries of the challenge or application below which the residence was obtained or enhanced.
(b) Except expressly licensed by Federal statute, the receiver or subrecipient will have to not use provides obtained with the Federal award to provide solutions to get a cost which is under a private business would charge for equivalent products and services.
(i) The receiver or subrecipient has didn't adjust to the terms and conditions of the Federal award; or
usually means the Federal company designated to execute the tasks described in § 200.513(a). The cognizant company for audit just isn't essentially the same as the cognizant company for oblique fees.
(three) Every Federal agency that considers producing a Federal award on the applicant through that five-yr time period will look at that information and facts in figuring out the applicant's qualification to receive a Federal award when the total Federal share of the Federal award is expected to exceed the simplified acquisition threshold above the period of efficiency;