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Subrecipient:___Agreement Number:___ Preparer:___Date:___ Subrecipients Representative:___PROCUREMENT STANDARDS LOCAL UNITS OF GOVERNMENTI. Bidding ProceduresYes No N/A Notes A. Do the Subrecipient
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Subawards are financial assistance provided by one entity to another, usually to carry out a specific project or program, while procurement contracts are agreements for the purchase of goods or services between entities.
Organizations or entities that receive federal funding and provide subawards or enter into procurement contracts are required to file these documents.
Filling out subawards and procurement contracts entails providing detailed information about the funding agency, recipient organization, project details, budget, and terms of the agreement. Ensure all required forms are completed accurately and in compliance with the regulations.
The purpose is to distribute federal funds to support specific projects or services, ensuring that resources are used effectively and in compliance with legal requirements.
Reported information typically includes the amount of the award or contract, the purpose of the funding, recipient details, project duration, and compliance with applicable regulations.
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