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Subrecipient Policy: Difference between revisions
→Explanation of Vendors
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Determination of whether the relationship is that of a subrecipient or a vendor is critical. OMB Circulars A-133 and A-110 contain definitions of vendor and subrecipient. In summary: | Determination of whether the relationship is that of a subrecipient or a vendor is critical. OMB Circulars A-133 and A-110 contain definitions of vendor and subrecipient. In summary: | ||
*Vendors generally supply goods and services that are necessary to the completion of a project but are not part of a cooperative programmatic effort. | *Vendors generally supply goods and services that are necessary to the completion of a project but are not part of a cooperative programmatic effort. | ||
*Vendors supply essential services or products to a program as a routine part of their daily business and are not subject to | *Vendors supply essential services or products to a program as a routine part of their daily business and are not subject to OMB Circular A-133 or the compliance requirements of the award terms and conditions. | ||
== Policy == | == Policy == | ||
It is the policy of UNMC to comply with federal regulations regarding subrecipient monitoring, when UNMC is the prime recipient of a federal award or contract. The following are the key compliance requirements: | It is the policy of UNMC to comply with federal regulations regarding subrecipient monitoring, when UNMC is the prime recipient of a federal award or contract. The following are the key compliance requirements: | ||