A receiver or subrecipient by using a latest Federal negotiated oblique Charge amount may perhaps apply for a one-time extension of that agreement for as many as 4 a long time. This extension will probably be matter to evaluate and acceptance by the cognizant agency for oblique prices. If this extension is granted, the receiver or subrecipient may not request a amount assessment until the extension period ends.

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usually means a type of grant or cooperative arrangement pursuant to which the Federal company or go-by way of entity supplies a certain level of funding with out regard to real charges incurred beneath the Federal award.

(two) The Federal company ought to notify OMB of any accredited deviations. The receiver or subrecipient may well notify OMB of any disputes with Federal companies relating to the application of a federally negotiated oblique Charge fee.

(i) An authorized indirect Price fee negotiated concerning the subrecipient and the Federal Govt. If no authorised rate exists, a go-by means of entity have to establish the appropriate fee in collaboration Along with the subrecipient. The oblique Expense rate may be possibly:

(six) Specifying merely a “model identify” product in place of allowing “an equivalent” merchandise for being provided and describing the functionality or other appropriate specifications in the procurement; and

(B) Substantial improvements during the similar function activity (as defined from the receiver's or subrecipient's composed insurance policies) are immediately identified and entered in to the data.

the Federal agency just isn't necessary to reimburse these charges Should the receiver won't obtain the Federal award or Should the Federal award is below expected and insufficient to address this sort of prices).

(h) The strategy used for figuring out the value of donated gear, structures, and land for which title passes on the receiver or subrecipient may differ according to the subsequent:

(e) Once the receiver or subrecipient accepts a loan or grant, it can be certifying that it will comply with the prohibition on lined telecommunications devices and companies Within this part.

(8) Executive Summary. A short description that is certainly written in basic language and summarizes the plans and aims of the program, the target audience, and suitable applicants. The get more info textual content of the executive summary should not exceed five hundred words; and

publish-retirement well being benefits) are allowable during the yr of payment offered the receiver or subrecipient follows a reliable costing coverage.

(iii) Contracts has to be awarded to your accountable offeror whose proposal is most advantageous to your recipient or subrecipient considering price tag and various components; and

(4) The expression “loan guarantee dedication” implies a binding agreement by a Federal agency to create a loan ensure when specified conditions are fulfilled because of the borrower, the lender, or almost every other celebration towards the promise settlement.