(a) Title to intangible assets acquired under a Federal award vests upon acquisition within the receiver or subrecipient. The receiver or subrecipient will have to use that intangible house for that at first authorized function and have to not encumber the home without the approval of the Federal agency or pass-by entity.
(E) The recipient or subrecipient must doc and supply a justification for all bids it rejects.
The recipient or subrecipient is responsible for deciding an appropriate simplified acquisition threshold based on inner controls, an analysis of hazard, and its documented procurement methods, which may be reduce than, but have to not exceed, the edge founded inside the Considerably.
The receiver or subrecipient ought to sustain and use documented strategies for procurement transactions underneath a Federal award or subaward, together with for acquisition of property or services.
Irrespective of whether gear is acquired partially or its entirety underneath the Federal award, the receiver or subrecipient should manage gear (which includes substitute equipment) employing procedures that satisfy the subsequent requirements:
(five) Implements a method for a public objective laid out in authorizing statute, rather than giving merchandise or providers for the good thing about the go-as a result of entity.
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(b) Following the closeout from the Federal award, a romance established under the Federal award may be modified or led to full or partially. This may only be completed With all the consent on the awarding Federal agency or pass-via entity and the receiver or subrecipient, provided the responsibilities with the recipient or website subrecipient referred to in paragraph (a) of this portion, including those for assets management as applicable, are thought of and provisions are created for continuing duties of the receiver or subrecipient, as ideal.
The receiver or subrecipient is answerable for the settlement of all contractual and administrative issues arising away from its procurement transactions. These concerns include things like, but usually are not restricted to, resource evaluation, protests, disputes, and claims. These specifications do not minimize the recipient or subrecipient of any contractual duties underneath its contracts.
(one) A penned demand or assertion by one of many parties to some Federal award seeking as being a matter of proper:
The Federal agency might tell applicants that they do not need to have to supply sure information currently remaining gathered through other means.
The Federal agency have to not permit a transfer of resources that could lead to any Federal appropriation to be used for functions besides People in step with the appropriation.
(1) The worth on the remaining life of the assets recorded within the recipient's or subrecipient's accounting documents at time of donation.
signifies prices created by a recipient or subrecipient to a challenge or application for which a Federal award is obtained.