There probably hasn’t been a feature of the Office of Management and Budget’s uniform grant guidance (2 CFR 200) that has caused more angst than the rules on procurement of goods and services using federal grant funds.
For starters, some of the policies have been modeled on those that apply to the federal government itself, but those features don’t fit most recipient and subrecipient organizations very well. Broad recipient resistance to the revised policies led OMB to issue three implementation grace periods. Beyond that, there are features that have created new audit vulnerabilities.
The combination of revised policies and moving effective dates have led to plenty of confusion, which has been exacerbated by the advent of massive COVID 19-related funding. Well, the dust has settled and recipient and subrecipient organizations are now being more closely scrutinized about whether their procurement policies and practices align with the federal rules.
Join Bob Lloyd and Federal Fund Management Advisor™ for this webinar and learn how to adjust your purchasing manual to handle effective grant-purchasing. We’ll cover:
- Guidance on determining whether a relationship is with a subrecipient or a contractor
- Ramped-up code of conduct and mandatory disclosure instructions
- More directions about effective procurement planning
- Presidentially mandated procedures about domestic sourcing preference
- Expanded discussion of the acceptable methods of purchasing — and when to use them
- Tighter requirements about when sole source purchasing is allowed
- Revised principles that must be used to assess allowability of costs that go into contract prices
- Special rules for the procurement of your annual single audit
The new rules are not just about how to buy supplies and equipment, where there are likely lots of available suppliers. They must also be used when engaging professional services, collaborating on research projects and selecting service providers on social service programs. The marketplaces for these procurements are very different.
WHO SHOULD ATTEND:
- Finance directors
- Purchasing agents
- Grant and contract managers
- Sponsored projects administrators
- Grant project directors
- Principal investigators
- Legal counsels
- 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 1.5 CPE Credits