(1) The recipient or subrecipient could utilize a time-and-products sort agreement only following a resolve that no other deal is acceptable and If your deal features a ceiling price tag the contractor exceeds at its possess possibility.

(a) Bonding prices arise if the Federal company demands assurance versus economic reduction to itself or others as a result of an act or default of your recipient or subrecipient.

signifies a cost goal which includes allotted to it both of those direct and indirect prices and, from the receiver's or subrecipient's accumulation procedure, is one of the last accumulation factors, which include a certain award, interior venture, or other immediate activity of the receiver or subrecipient. See also the definitions of Expense goal

(two) The receiver's or subrecipient's record of compliance with the conditions and terms of Federal awards;

(i) An approved indirect Expense amount negotiated concerning the subrecipient plus the Federal Federal government. If no authorised level exists, a move-as a result of entity must figure out the appropriate fee in collaboration Along with the subrecipient. The indirect Price tag amount could be either:

(3) Amounts funded with the receiver or subrecipient in excess from the actuarially determined amount for the fiscal 12 months may very well be applied given that the recipient's or subrecipient's contribution in long term periods.

There won't be any requirements governing the disposition of plan income gained after the conclude with the period of performance of your Federal award unless stipulated during the Federal agency rules or the conditions and terms of your Federal award.

(e) Whether or not the Price represents a deviation in the receiver's or subrecipient's website recognized penned insurance policies and strategies for incurring charges.

Identification of irrespective of whether This system will difficulty Federal awards over a discretionary or non-discretionary foundation;

(b) Expenditures or costs determined by believed prices for contracts under the Federal award are allowable only towards the extent that the costs incurred or Expense estimates A part of negotiated selling prices would be allowable for the receiver or subrecipient less than subpart E of this part.

A price is acceptable if it does not exceed an amount of money that a prudent individual would incur underneath the situations prevailing when the choice was designed to incur the price. In analyzing the reasonableness of the specified Expense, thing to consider have to be specified to the subsequent:

The receiver or subrecipient may possibly assign fringe Added benefits to Charge aims by determining distinct Positive aspects to unique person workers or by allocating them according to entity-extensive salaries and wages of the employees obtaining the advantages.

usually means the time interval between the beginning and finish date of the Federal award, which may consist of a number of budget durations.

The prices of certain actions usually are not allowable as fees to Federal awards. Though these expenditures are unallowable, they have to be addressed as immediate costs for functions of figuring out oblique Charge fees and become allocated their equitable share on the recipient's or subrecipient's indirect costs whenever they depict pursuits which: