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Attachment F <br /> Warranties and Representations <br /> Financar Mti. ement <br /> Recipient's fi ; r, , cial management system must include the following : <br /> ( 't ) _irate , current and complete disclosure of the financial results of this project or program <br /> (2 ) f' . ^ords that identify the source and use of funds for all activities . These records shall <br /> <: vain information pertaining to grant awards , authorizations , obligations , unobligated <br /> It : races , assets , outlays , income and interest . <br /> (3) t._ .active control over and accountability for all funds , property and other assets . Recipient <br /> sl-) Al safeguard all 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 <br /> ropriate , financial information should be related to performance and unit cost data . <br /> ( 5 ) 1i'. ' . ten procedures to determine whether costs are allowed and reasonable under the <br /> fisions of the applicable OMB cost principles and the terms and conditions of this <br /> /^. - cement . <br /> ( 6 ) Cost accounting records that are supported by backup documentation . <br /> Competition <br /> All proeureme ,n ' transactions shall be done in a manner to provide open and free competition . The <br /> Recipient sh - ! 1 be alert to conflicts of interest as well as noncompetitive practices among contractors that <br /> may restrict or e.. liminate competition or otherwise restrain trade . In order to ensure excellent contractor <br /> performance � rd eliminate unfair competitive advantage , contractors that develop or draft specifications , <br /> requirements : :atements of work , invitations for bids and/or requests for proposals shall be excluded <br /> from compedil, g for such procurements . Awards shall be made to the bidder or offeror whose bid or offer <br /> is responsive «, the solicitation and is most advantageous to the Recipient, considering the price , quality <br /> and other factors . Solicitations shall clearly set forth all requirements that the bidder or offeror must fulfill <br /> in order for the bid or offer to be evaluated by the Recipient . Any and all bids or offers may be rejected <br /> when it is in tl-. � Recipient' s interest to do so . <br /> F - 1 <br />