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Purchasing With Federal Grant Funds Under OMB's Revised Guidance

Webinar • Thursday, May 16, 2024 • 2:00-3:30 p.m. EDT

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$249.00 Purchasing With Federal Grant Funds Under OMB's Revised Guidance (05.16.24) (On-Demand Recording)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

A large share of the approved budget for a typical federal grant award or subaward involves purchasing — of equipment, supplies, travel, and professional and other services. So, it’s no wonder that the federal government has long been concerned that grant recipients and subrecipients conduct purchasing ethically and sensibly to get the best deal they can, and ensure they get what they pay for.

OMB just released an overhaul of its uniform grant guidance including revised procurement rules that are hopefully a little clearer. But it also added features that tie grant procurement to numerous Biden Administration policy priorities. And this comes on the heels of OMB’s issuance of separate special domestic preference rules (2 CFR 184) that kick in for infrastructure projects.

So, a timely look at the current state of play in procurement under grants is in order. This webinar will provide it, as we’ll cover:

  • Updated instructions on decisions to use procurement contracts
  • Procurement ethics including a new requirement for whistleblowing procedures
  • Revised dollar thresholds for equipment and supplies acquisition and disposition
  • Employment of “strategic sourcing” and market research
  • Choice of appropriate and compliant procurement methods
  • Contractor selection criteria that include assessment of their employment practices
  • Special rules for procurement of audit, architectural and engineering services
  • Revised domestic preference policies
  • The future of state, local, and tribal preference rules
  • Expanded encouragement for purchase of recovered materials
  • Conduct of cost-benefit and price analysis of offers
  • Content of a sound and complete contract

WHO SHOULD ATTEND:

  • Grant purchasing agents
  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Executives
  • Legal counsels
  • Finance directors
  • Internal auditors
  • External auditors

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 1.8 CPE Credits

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  • Know the nuances of requirements for subrecipient assessment and monitoring
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  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
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