(four) The expression “financial loan assurance dedication” signifies a binding settlement by a Federal awarding agency to generate a bank loan warranty when specified conditions are fulfilled through the borrower, the lender, or any other celebration on the promise agreement.
(ii) Personnel and medical data and related info the disclosure of which might represent a Plainly unwarranted invasion of private privacy, for instance information that might be accustomed to identify a particular person in a very study examine.
(a) Upon getting any cure for non-compliance, the HHS awarding company have to supply the non-Federal entity a possibility to object and supply data and documentation demanding the suspension or termination action, in accordance with composed procedures and strategies published because of the HHS awarding company.
(a) This portion consists of provisions that utilize to awards to professional corporations. These provisions are Besides other relevant provisions of the section, or they make exceptions from other provisions of this section for awards to industrial companies.
(b) The costs are appropriately supported by authorised Price tag allocation ideas in accordance with applicable Federal Charge accounting rules With this element; and
Bids are publicly solicited and a firm mounted cost deal (lump sum or device rate) is awarded on the liable bidder whose bid, conforming with all the material conditions and terms of the invitation for bids, is the bottom in value.
(2) The Federal award must contain wording to include, by reference, the relevant set of general terms and conditions, The reference need to be towards the Web site at which the HHS awarding company maintains the general terms and conditions.
indicates tangible or intangible assets Employed in functions having a valuable lifetime of multiple 12 months that happen to be capitalized in accordance with GAAP. Cash assets incorporate:
signifies the Federal awarding company that provides the predominant quantity of funding directly to a non-Federal entity not assigned a cognizant company for audit. When there is no direct funding, the Federal awarding agency which is the predominant source of move-via funding have to assume the oversight obligations.
The costs incurred by a non-Federal entity to Get better incorrect payments are allowable as possibly direct or indirect costs, as acceptable. Quantities collected could be employed by the non-Federal entity in accordance with cash management criteria set forth in § seventy five.305.
indicates the individual (s) designated by the receiver to immediate the project or system staying supported with the grant. The PI/PD is dependable and accountable to officials on the receiver organization for the right perform in the venture, program, or action.
suggests a order of materials or products and services making use of simplified acquisition treatments, the aggregate number of which will not exceed the micro-acquire threshold. Micro-buy procedures comprise a subset of the non-Federal entity's tiny invest in treatments. The non-Federal entity makes use of this sort of treatments as a way to expedite the completion of its lowest-greenback compact buy transactions and limit the related administrative burden and cost.
Attributes indicative of the procurement partnership between the non-Federal entity and a contractor are in the event the contractor:
implies prices incurred for a typical or joint objective benefitting more than one cost objective, and never conveniently assignable to the associated fee objectives exclusively benefitted, without energy disproportionate to the effects accomplished. To aid equitable distribution of oblique check here expenditures to the expense objectives served, it may be needed to determine a number of pools of indirect (F&A) expenses.