On August 13, 2020, the Office of Management and Budget (OMB) implemented statutory changes to 2 CFR Part 200, including updates to the procurement standards related to micro-purchases, sole source procurements, and contract provisions for federal grant recipients. Federal award recipients need to be aware of these changes and may need to update their procurement […]
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How to Select the Best Types of Contracts for Grants
When managing a federal grant, one of the decisions you may need to make is what type of contract to use for procuring goods and services. And when that grant is a federal award, it becomes even more critical as the federal funding comes with rules and preferences about what types of contract you can […]
What is Cost-share or Match?
Cost-share (also called “match“) is the part of the federally-sponsored project or program that is not paid for by the federal government. “Cost sharing or matching means the portion of project costs not paid by Federal funds (unless otherwise authorized by Federal statute). See also § 200.306 Cost sharing or matching.” From 2 CFR Part 200 […]
14 Grant Fraud Warning Signs: Which Are You Ignoring?
No one wants to think the “unthinkable” could happen at their organization. But waste, fraud, and abuse of grant funds happen daily across the over $1+ trillion in federal grants awarded annually. So how can you avoid becoming a victim of grant fraud? The first step is being aware of the warning signs. Fraud: Watch […]
How to Create Written Procurement Procedures from Scratch
The requirement for written procurement procedures is part of the Uniform Guidance that many federal grant recipients have been slow to implement. So if you are wondering how to create the “dreaded” written procurement procedures manual from scratch, don’t worry. We have created a roadmap for success on this federal grant requirement. Written Procurement Procedures […]
How to Write a Corrective Action Plan
What if you were certain the world was coming to an end, and it wasn’t? If you followed the disturbing story of the Hawaiian missile alert sent in error, you probably are glad you weren’t there for the “This is not a drill” emergency drill! Yikes! Things (obviously) didn’t work as expected! The Associated Press (AP) […]