Contractor Oversight: Another Federal Grants Management Challenge

Webinar • Tuesday, August 09, 2022 • 2:00-3:30 p.m. ET

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$249.00 Contractor Oversight: Another Federal Grants Management Challenge (08.09.22) (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

No matter what types of federal programs and projects you are implementing, most grant recipients award a portion of those funds to other organizations. Some “transfers of funds” are mandated under a particular grant program, while others result from recipient program design. Depending on the characteristics of these awards, some are properly treated as subawards to subrecipients. Others are treated as procurement or purchase transactions from contractors.

When OMB developed the governmentwide requirements for award administration — the “uniform guidance” codified at 2 CFR 200 — it packed in considerable detail about how pass-through entities are required to carry out subrecipient management and monitoring. But when they crafted the policies related to procurement contracts, they simply stated, “Non-federal entities must maintain oversight to ensure that contractors perform in accordance with the terms, conditions and specifications of their contracts or purchase orders.” Not much help!

This webinar will detail best practices for a grant recipient or subrecipient to ensure contractor performance and provide the necessary administrative oversight and enforcement. You’ll learn about:

  • Variables among fixed-price and cost-type contracts under grants
  • Creating “sound and complete” contracts
  • Inclusion of usable remedies
  • Required clauses for federally funded contracts
  • Assigning contract administration responsibilities
  • Appropriate tools for oversight during contract performance
  • Managing contract financing (aka “payment”)
  • Enforcing performance and delivery
  • Inspection and acceptance of deliverables
  • Identifying audit responsibilities
  • Federal contract administration vulnerabilities

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this practical and timely look at how to assure that your organization gets what it pays for using federal grant funds.

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 1.5 CPE Credits

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Finally! A practical guide to grants management.

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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

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  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • 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
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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