indicates a price goal that has allotted to it the two immediate and oblique fees and, while in the recipient's or subrecipient's accumulation system, is probably the ultimate accumulation details, for example a selected award, internal job, or other immediate exercise of a recipient or subrecipient. See also the definitions of Charge aim
Estimates based upon prior year funding are appropriate if current appropriations aren't out there at some time of your submission;
Any Federal resources paid out for the recipient or subrecipient in excess of the amount which the receiver or subrecipient is set being entitled to under the Federal award represent a debt on the Federal Government.
The costs incurred by a receiver or subrecipient to Get well inappropriate payments, together with incorrect overpayments, are allowable as either direct or oblique charges, as acceptable.
suggests Charge sharing especially pledged voluntarily within the proposal's finances about the Portion of the recipient or subrecipient, which turns into a binding prerequisite in the Federal award. See § 200.306.
The whole expense of a Federal award is the sum of the allowable immediate and allocable indirect fees minus any applicable credits
It is a procurement strategy employed when situations will not be suitable for utilizing sealed bids. This procurement approach could end in either a set-price tag or Price tag-reimbursement agreement. They can be awarded in accordance with the following demands:
(a) Title to provides acquired under the Federal award will vest on acquisition while in the recipient or subrecipient. When There exists a residual inventory of unused provides exceeding $10,000 in aggregate benefit at the end of the period of efficiency, along with the provides are not required for another Federal award, the receiver or subrecipient may retain or promote the unused provides. Unused supplies indicates supplies which have been in new ailment, not acquiring been used or opened before. The mixture value of unused supplies includes all offer sorts, not much like-product materials.
implies the documentation ready by a receiver to substantiate its ask for to establish an indirect Price tag charge as described in appendices III through VII and appendix IX to this part.
The recipient or subrecipient is inspired to generate profits to defray plan expenditures when appropriate. System cash flow has to be employed for the first function of your Federal award. Program income acquired in the course of the period of functionality may perhaps only be useful for fees incurred through the period of overall performance or allowable closeout expenses.
Payments built for expenditures decided to generally be unallowable by both the awarding Federal company, cognizant agency for indirect fees, or move-via entity have to be refunded with curiosity on the Federal Governing administration.
(2) The costs of central governmental services dispersed in the central company Price tag allocation system and not normally handled as immediate prices.
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When included in the terms and conditions from the Federal award, the Federal company may well permit the recipient to retain devices, or authorize a move-by entity to permit the subrecipient to keep gear, without having further more info more obligation towards the Federal Governing administration Until prohibited by Federal statute or regulation.