(a) Contingency is Element of a spending budget estimate of foreseeable future costs (normally of huge building jobs, IT programs, or other goods as authorized by the HHS awarding agency) which happens to be related to attainable situations or circumstances arising from brings about the precise end result of that's indeterminable at the time of estimate, and that experience displays will probable end result, in combination, in added fees for your approved exercise or job.

(l) The type of procuring instruments utilised have to be based on the receiver but shall be suitable for The actual procurement and for selling the ideal interest of the program or task included.

(ii) An insurance company or trustee to maintain a have faith in fund or reserve for the sole function of giving submit-retirement Rewards to retirees and other beneficiaries.

The strategy of aggressive proposals is Generally conducted with more than one source distributing a suggestion, and either a hard and fast value or cost-reimbursement variety agreement is awarded.

A price is affordable if, in its character and total, it does not exceed that which would be incurred by a prudent particular person beneath the instances prevailing at some time the decision was created to incur the associated fee.

implies the individual (s) designated from the receiver to direct the task or program staying supported from the grant. The PI/PD is accountable and accountable to officials of your recipient organization for the right perform in the challenge, system, or action.

Any immediate cost of minimal quantity could be dealt with as an indirect (F&A) Value for good reasons of practicality where by these kinds of accounting procedure for that item of Charge is consistently placed on all Federal and non-Federal Charge objectives.

In Just about every system, the State will include things like an assurance which the State will comply with all relevant Federal statutes and restrictions in influence with respect on the periods for which it gets grant funding. For this assurance and also other assurances expected Within this system, the State might:

(1) The phrase “immediate loan” implies a disbursement of cash through the Federal Governing administration to some non-Federal borrower underneath a deal that requires the repayment of these money with or with out desire. The term includes the purchase of, or participation in, a loan produced by An additional lender and financing preparations that defer payment for greater than ninety times, such as the sale of the Federal Government asset on credit terms.

With prior prepared approval in the HHS awarding company, a website pass-via entity may possibly present subawards according to preset amounts up on the Simplified Acquisition Threshold, furnished that the subawards meet up with the necessities for set volume awards in § 75.201.

(ii) The invitation for bids, that may consist of any technical specs and pertinent attachments, should determine the products or expert services in order for the bidder to appropriately respond;

The HHS awarding company or go-as a result of entity will shut-out the Federal award when it establishes that all applicable administrative actions and all required work of your Federal award are actually done via the non-Federal entity.

means a gaggle of Federal awards either awarded less than a specific application or group of packages or to a specific type of non-Federal entity or group of non-Federal entities to which unique provisions or exceptions may perhaps implement.

(1) Salaries and expenses with the Business office in the Governor of a point out or maybe the Main executive of an area govt or even the Main government of an Indian tribe;