(a) Bonding expenses occur once the Federal company involves assurance towards money loss to by itself or Other individuals because of an act or default of your recipient or subrecipient.
Administrative and clerical personnel salaries ought to Typically be addressed as indirect expenses. Immediate charging of such prices can be suitable only if they meet up with all of the subsequent disorders:
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(4) The time period “loan ensure commitment” indicates a binding settlement by a Federal agency to create a financial loan promise when specified ailments are fulfilled via the borrower, the lender, or every other bash towards the assure settlement.
(a) Voluntary dedicated cost sharing is not predicted below Federal exploration grants. The Federal agency may well not use voluntary committed Value sharing as a factor over the advantage critique of applications or proposals for Federal exploration grants Except authorized by Federal statutes or company polices and laid out in the see of funding chance.
The receiver or subrecipient need to maintain records ample to depth the historical past of every procurement transaction. These data have to include the rationale for that procurement approach, contract type assortment, contractor choice or rejection, and The premise with the deal selling price.
(a) The Federal company or pass-as a result of entity may possibly assessment the technological specs of proposed procurements beneath the Federal award In the event the Federal company or move-through entity thinks the overview is necessary making sure that the item or assistance specified would be the 1 becoming proposed for acquisition. The recipient or subrecipient will have to submit the specialized specs of proposed procurements when asked for from the Federal agency or go-through entity.
(a) This section gives ideas to generally be applied in establishing the allowability of specific merchandise involved in deciding Charge, In combination with other specifications of this subpart. These principles implement whether or not a specific Charge merchandise is appropriately addressed as a immediate or oblique Value.
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(e) Federal businesses have to not submit any details that may be manufactured publicly accessible in the non-public section of your accountability and qualification records that is roofed by a disclosure exemption below the Freedom of data Act. If a recipient asserts within just seven calendar times to some Federal company that some or all the publicly readily available information and facts is covered by a disclosure exemption less than the Freedom of data Act, the Federal agency that posted the knowledge must take away the putting up in just seven calendar days of obtaining the assertion.
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(two) The costs of central governmental solutions dispersed throughout the central support Charge allocation prepare and never otherwise dealt with as direct expenditures.
(2) While the machines is being used for the originally-approved objective, the receiver or subrecipient need to not eliminate or encumber its title or other interests without the approval with the Federal agency or move-via entity.
Some nonprofit businesses, as a consequence of their dimensions and character of operations, may be regarded as similar to for-profit corporations concerning the applicability of Charge rules. These nonprofit organizations must work beneath Federal cost ideas read more that apply to for-gain businesses located at forty eight CFR 31.