Laserfiche WebLink
Attachment D <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 <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 /> 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 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 /> (6) 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 trade. In order <br /> to ensure objective contractor performance and eliminate unfair competitive advantage, contractors that <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 fulfill in order for the bid or offer to be evaluated by the Recipient. Any and all bids <br /> or offers may be rejected when it is in the Recipient's interest to do so . <br /> 36 <br />