2019-020-E AMS - NCSU electric motorcycle grant

Browse Search

DocuSign Envelope ID:25158025-ADOF-4044-B3BF-3AB3BFDF53FD eCFR—Code of Federal Regulations hitpsV/www.ecfr.govfcgi-bin/text-idx?SID-74dGb65502c549f3cl I df... pass-through entity,to determine whether its system meets these standards In order for its system to be certified. Generally,these reviews must occur where there Is continuous h19h-dollar funding,and third party contracts are awarded on a regular basis; (2)The non-Federal entity may sell certify its procurement system.Such self-certillcatlon must not tlmlt the Federal awarding agency's right to survey the system. Under a self-certiijeation procedure,the Federal awarding agency may rely on written assurances from the non-Federal entity that it is complying with these standards.The non-Federal entity must cite specMe policies,procedures,regulations,or standards as being In compliance with these requl rem ants and have Its system available for review. §200.325 Bonding requirements. For construction or facility Improvement contracts or subcontracts exceeding the SlmpfiRed Aoquisleon Threshold,the Federal awarding agency or pass-through entity may accept the bending policy and requirements of the non-Federal entity provided that the Federal awarding agency or pass-through entity ties made a determination that the Federal Interest Is adequately protected.If such a determination has not been made,the minlmum requirements must be as follows: (a)A bid guarantee from each bidder equivalent to five percent of the bid price.The'bid guaranies'must consist of a firm commitment such as a bid bond,cerlified check,or other negotiable Instrument accompanying a bid as assurance that the bidder will,upon acceptance of the bid,execute such contractual documents as may be required within the time specified. (b)A perfommance bored on the part of the contractor for 100 percent of the contract price.A°performance bond'is one executed in connection with a contract to secure fulfillment of all the conlractor`s obligotlons under such contract. (c)A payment bond on the part of the contractor for 100 percent of the contract price_A'payment bond'is one executed In connection with a contract to assure payment as required by law of all persons supplying labor and material in the execullon of the work provided for In the contract. §200.326 Contract provisions. The non-Federal entity's contrails must contain the applicable provisions described in Appendix lI to Part 200- Con1trad Provisions for non-Federal Entity Contracts Under Federal Awards. Head as;d=nw? 6 of 6 8/I5117,12:16 PM