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1 <br /> Attachment F <br /> Warranties and Representations ? <br /> i <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 /> i <br /> (2) Records that adequately identify the source and application of funds for all activities. These <br /> records shall contain information pertaining to grant awards, authorizations, obligations, ' <br /> unobligated balances, assets, outlays, income and interest. <br /> (3) Effective control over and accountability for all funds, property and other assets. Recipient <br /> shall adequately safeguard all such assets and assure that they are used solely for <br /> . <br /> authorized purposes. <br /> (4) Written procedures for determining the reasonableness, allocability and allowability of costs <br /> in accordance with the provisions. of the applicable cost principles and the terms and <br /> conditions of this grant <br /> 1 <br /> (5) Accounting records, including cost accounting records that are supported by source <br /> documentation . <br /> Competition. <br /> All procurement transactions shall be conducted in a manner to provide, to the maximum extent practical, <br /> open and free competition. The Recipient shall be alert to conflicts of interest as well as noncompetitive . <br /> practices among contractors that may restrict or eliminate competition or otherwise restrain .irade. -In' order <br /> to ensure objective contractor performance and eliminate unfair competitive advantage, contractorsahat <br /> develop or draft specifications, requirements, statements of work: invitations for bids and/or requests for <br /> proposals shall be excluded from competing for such procurements. Awards shall be made to the bidder <br /> or offeror whose bid or offer is responsive to the solicitation and is most advantageous to the Recipient, <br /> price, quality and other factors considered. Solicitations shall clearly set forth all requirements that the <br /> bidder or offeror shall' � _. c_ . u u u <br /> `lan rduffl in cider for ' is bid or offer .o be evaluated rby the Recipient Any and all bids <br /> or offers may be rejected when it is in the Recipient's interest to do so. <br /> Codes of Conduct <br /> i <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,fmmediate family,. his or partner, or an organisation which employs or is <br /> about to employ any of the parties indicated herein, has a'flnancial or other inteYest in the firm selected for 9 <br /> an 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 such standards by officers, i <br /> employees, or agents of the recipient ) <br /> I <br /> 31 <br /> 1 <br /> } <br /> r <br />