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Attachment F <br /> Warranties and Representations <br /> Financial Management <br /> Recipient ' s financial management system shall provide for the following: <br /> ( 1 ) Accurate, current and complete disclosure of the financial results of this project or program <br /> (2) Records that identify adequately the source and application of funds for all activities. These records shall <br /> contain information pertaining to grant awards, authorizations, obligations, unobligated balances, assets, <br /> outlays, income and interest. <br /> (3 ) Effective control over and accountability for all funds, property and other assets. Recipient shall adequately <br /> safeguard all such assets and assure that they are used solely for authorized purposes. <br /> (4) Comparison of expenditures with budget amounts for each Request For Payment. Whenever appropriate, <br /> financial information should be related to performance and unit cost data. <br /> (5) Written procedures for determining the reasonableness, allocability and allowability of costs in accordance <br /> with the provisions of the applicable cost principles and the terms and conditions of this grant. <br /> (6) Accounting records, including cost accounting records that are supported by source documentation. <br /> Competition. <br /> All procurement transactions shall be conducted in a manner to provide, to the maximum extent practical, open and free <br /> competition. The Recipient shall be alert to conflicts of interest as well as noncompetitive practices among contractors <br /> that may restrict or eliminate competition or otherwise restrain trade. In order to ensure objective contractor performance <br /> and eliminate unfair competitive advantage, contractors that develop or draft specifications, requirements , statements of <br /> work, invitations for bids and/or requests for proposals shall be excluded from competing for such procurements . Awards <br /> shall be made to the bidder or offer or whose bid or offer is responsive to the solicitation and is most advantageous to the <br /> Recipient, price, quality and other factors considered. Solicitations shall clearly set forth all requirements that the bidder <br /> or offer or shall fulfill in order for the bid or offer to be evaluated by the Recipient. Any and all bids or offers may be <br /> rejected when it is in the Recipient's interest to do so. <br /> Codes of conduct. <br /> The Recipient shall maintain written standards of conduct governing the performance of its employees engaged in the <br /> award and administration of contracts. No employee, officer, or agent shall participate in the selection, award, or <br /> administration of a contract supported by public grant funds if a real or apparent conflict of interest would be involved. <br /> Such a conflict would arise when the employee, officer, or agent, any member of his or her immediate family, his or her <br /> partner, or an organization which employs or is about to employ any of the parties indicated herein, has a financial or <br /> other interest in the firm selected for an award. The officers, employees, and agents of the Recipient shall neither solicit <br /> nor accept gratuities, favors, or anything of monetary value from contractors, or parties to subcontracts. The standards <br /> of conduct shall provide for disciplinary actions to be applied for violations of such standards by officers, employees, <br /> or agents of the recipient. <br /> 33 <br />