(one) The receiver or subrecipient ought to keep prepared benchmarks of perform covering conflicts of fascination and governing the actions of its staff members engaged in the selection, award, and administration of contracts. No worker, officer, agent, or board member with a real or clear conflict of fascination may possibly engage in the selection, award, or administration of the agreement supported from the Federal award. A conflict of desire consists of when the employee, officer, agent, or board member, any member of their rapid spouse and children, their associate, or an organization that employs or is about to utilize any on the events indicated herein, includes a monetary or other fascination in or a tangible own get pleasure from an entity thought of for the deal.
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The receiver and subrecipient must use these ideas in identifying allowable costs under Federal awards. The receiver and subrecipient should also use these principles as being a information in pricing set-cost contracts and subcontracts when expenses are Employed in analyzing the right rate. These cost principles tend not to use to:
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Recipients and subrecipients that do not need a present Federal negotiated oblique Price tag price (which includes provisional rate) might elect to charge a de minimis price of up to fifteen % of modified complete immediate expenses (MTDC). The recipient or subrecipient is licensed to determine the appropriate charge around this Restrict. Federal organizations and go-by entities may not need recipients and subrecipients to employ a de minimis charge decreased as opposed to negotiated oblique cost price or the speed elected pursuant to this subsection unless expected by Federal statute or regulation.
(6) Payments for allowable charges will have to not be withheld Anytime in the duration of effectiveness Until needed by Federal statute, restrictions, or in one of the subsequent scenarios:
(a) This section supplies principles to get used in establishing the allowability of specific merchandise linked to identifying cost, Along with other demands of this subpart. These principles implement if a certain cost item is appropriately handled being a direct or indirect Expense.
Proceeds from your sale of true house, gear, or provides. The proceeds have to be managed in accordance with the requirements of your Home Standards of §§ two hundred.
(iv) Applying agreements meant to make sure uninterrupted shipping and delivery of providers; using agreements meant to ensure Local community benefits; or
Prices to the receiver website or subrecipient resulting from economical obligations incurred with the receiver or subrecipient during a suspension or following the termination of a Federal award are usually not allowable Except if the Federal agency or pass-by entity expressly authorizes them within the notice of suspension or termination or subsequently. However, expenses in the course of suspension or right after termination are allowable if:
(b) The prices will be allowable If your Federal award was not suspended or expired Ordinarily at the end of the period of efficiency in which the termination requires outcome.
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Some nonprofit corporations, because of their size and nature of functions, may be regarded as comparable to for-profit corporations in terms of the applicability of Price principles. These nonprofit businesses must work less than Federal Expense rules that use to for-financial gain corporations located at 48 CFR 31.