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Attachment H <br />Warranties and Representations <br />Financial Management <br />Recipient's financial management system must include the following <br />(1) Accurate, current and complete disclosure of the financial results of this project or program <br />(2) Records that identify the source and use of funds for all activities These records shall <br />contain information pertaining to grant awards, authorizations, obligations, unobligated <br />balances, assets, outlays, income and interest. <br />(3) Effective control over and accountability for all funds, property and other assets Recipient <br />shall 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 />appropriate, financial information should be related to performance and unit cost data <br />(5) Written procedures to determine whether costs are allowed and reasonable under the <br />provisions of the applicable OMB cost principles and the terms and conditions of this <br />Agreement. <br />(6) Cost accounting records that are supported by backup documentation <br />Competition <br />All procurement transactions shall be done in a manner to provide open and free competition The <br />Recipient shall be alert to conflicts of interest as well as noncompetitive practices among contractors that <br />may restrict or eliminate competition or otherwise restrain trade In order to ensure excellent contractor <br />performance and eliminate unfair competitive advantage, contractors that develop or draft specifications, <br />requirements, statements of work, invitations for bids and/or requests for proposals shall be excluded <br />from competing for such procurements Awards shall be made to the bidder or offeror whose bid or offer <br />is responsive to 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 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 <br />engaged in the award and administration of contracts No employee, officer, or agent shall participate in <br />the selection, award, or administration of a contract supported by public grant funds if a real or apparent <br />conflict of interest would be involved Such a conflict would arise when the employee, officer, or agent, <br />any member of his or her immediate family, his or her partner, or an organization which employs or is <br />about to employ any of the parties indicated, has a financial or other interest in the firm selected for an <br />award The officers, employees, and agents of the Recipient shall neither solicit nor accept gratuities, <br />favors, or anything of monetary value from contractors or parties to subcontracts The standards of <br />conduct shall provide for disciplinary actions to be applied for violations of the standards by officers, <br />employees, or agents of the Recipient. <br />28 <br />