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Procurement with Federal Grant Funds: Responding to OMB's Latest Guidance

Webinar • Tuesday, July 9, 2024 • 2:00-3:30 p.m. EDT

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$249.00 Procurement with Federal Grant Funds: Responding to OMB's Latest Guidance (07.09.24) (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

For nearly ten years, the federal government’s guidance about how grant recipients and subrecipients must buy goods and services with their awards has been a moving target. Delays in effective dates, responses to the COVID-19 pandemic, and new statutory and executive order policies combined to challenge organizations.

Now, newly issued revisions to the Office of Management and Budget’s uniform guidance will put in place, effect on October 1, firm standards for procurement for the foreseeable future. They address OMB expectations for locating and soliciting sources, awarding contracts, and getting what you pay for.

So, the time has come for recipients and subrecipients to make sure their procurement procedures align with the federal policies. This comprehensive webinar will help you do that. We’ll cover:

  • Subrecipient and contractor determinations
  • Recipient and subrecipient codes of conduct
    • Who and what is covered
  • Acquisition planning
    • Conducting market research
    • Handling domestic preference
    • 2 CFR 184: Build America Buy America (BABA)
  • Solicitation and competition
  • Flexible dollar threshold requirements
    • Micro-purchases
    • Small purchases
  • Acceptable procurement methods and contract types
    • Contractor vetting for suspension and debarment (2 CFR 180)
  • Required contract clauses
  • Contractor monitoring and oversight
  • Special practices for acquisition of:
    • Architect and engineering services
    • Single audits
    • Social services   

WHO SHOULD ATTEND:

  • Sponsored projects administrators
  • Grants management specialists
  • Grant project directors
  • Purchasing agents
  • Executives
  • Finance directors
  • Legal counsels
  • Accounting staff
  • 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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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:

  • Understand the differences between direct and indirect costs
  • 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"
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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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