(ii) The receiver or subrecipient need to have prepared strategies for conducting specialized evaluations and producing selections.
(3) The worth of donated space need to not exceed the honest rental value of comparable Room as recognized by an impartial appraisal of comparable Room and services in a very privately-owned making in the same locality.
(five) If your receiver or subrecipient is licensed or required to market the property, suitable revenue processes needs to be in place to be certain the best achievable return.
(A) Bids have to be solicited from an suitable variety of competent sources, offering them with ample response time previous to the date set for opening the bids.
implies tangible private house (which include facts technological know-how programs) getting a beneficial life of more than one year and a for each-device acquisition Expense that equals or exceeds the lesser of the capitalization amount established via the recipient or subrecipient for fiscal assertion functions, or $ten,000.
(a) The Federal company or go-by entity should near out the Federal award when it decides that all administrative actions and expected do the job of your Federal award have already been concluded. If the recipient or subrecipient fails to finish the mandatory administrative steps or perhaps the required operate for an award, the Federal company or pass-by means of entity ought to progress with closeout dependant on the data available. This part specifies the administrative actions needed at the end of the duration of effectiveness.
suggests the Federal agency specified to carry out the duties more info described in § two hundred.513(a). The cognizant agency for audit isn't necessarily the same as the cognizant agency for indirect expenditures.
(one) A general public or non-public Corporation situated in a rustic in addition to America and its territories that is certainly matter for the guidelines of your place during which it is found, irrespective of the citizenship of project staff members or put of effectiveness;
indicates a Federal award for which the start day is contiguous with, or intently follows, the tip from the expiring Federal award. The start day of the renewal award commences a different and unique period of functionality.
It is a procurement method where bids are publicly solicited through an invite plus a firm fastened-cost contract (lump sum or device value) is awarded to the accountable bidder whose bid conforms with all the fabric conditions and terms from the invitation which is the bottom in rate. The sealed bids procurement process is preferred for procuring building products and services.
The Federal company may possibly inform applicants that they don't have to have to offer particular information and facts presently becoming gathered by way of other means.
(g) Donated property from third functions may incorporate items for instance devices, Workplace provides, laboratory provides, or workshop and classroom provides. The assessed price of donated assets bundled as Value sharing will have to not exceed the property's honest market place price at enough time with the donation.
The aggregate dollar number of the procurement transaction is higher as opposed to micro-obtain threshold but will not exceed the simplified acquisition threshold. If simplified acquisition treatments are used, value or fee quotations need to be attained from an ample quantity of experienced sources.
When a receiver or subrecipient transfers title to the home into a Federal company or 3rd party specified or approved because of the Federal company, the recipient or subrecipient is entitled to generally be compensated an amount calculated by multiplying The share with the recipient's or subrecipient's contribution to the initial buy of the real house (and value of any improvements) by The present reasonable market worth of the home.