Cognizant Federal agency definition

Cognizant Federal agency means the Federal agency that, on behalf of all Federal agencies, is responsible for estab- lishing final indirect cost rates and forward pricing rates, if applicable, and administering cost accounting standards for all contracts in a business unit.
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Cognizant Federal agency means the federal agency that has been assigned by the OMB to approve the indirect cost proposal of a specific state or local government, school or univer- sity or other nonprofit organization.
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Cognizant Federal agency means the federal agency that has been assigned responsibility by the office of management and budget for approving the indirect cost proposal of a specific state or local government, school or university, or other nonprofit orga- nization.
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Examples of Cognizant Federal agency in a sentence

  • To claim indirect costs, the applicant organization must have a current approved indirect cost rate agreement established with the Cognizant Federal agency.

  • An organization should treat bid and proposal expenses as allowable indirect costs subject to any limitations imposed by the Cognizant Federal agency.

  • Cognizant Federal agency means the Federal agency that, on behalf of all Federal agencies, is responsible for es- tablishing final indirect cost rates and forward pricing rates, if applicable, and administering cost accounting stand- ards for all contracts in a business unit.Combatant commander means the com- mander of a unified or specified com- batant command established in accord- ance with 10 U.S.C. 161.Commercial component means any component that is a commercial item.

  • Cognizant Federal agency official (CFAO) means the Contracting Officer assigned by the cognizant Federal agency to administer the CAS.

  • Cognizant Federal agency official (CFAO) means the contracting officer assigned by the cognizant Federal agency to administer the CAS.

  • While individual contract prices, including cost ceilings or target costs, as applicable, may be increased as well as decreased to re- solve an estimating noncompliance, the aggregate value of all contracts af- fected by the estimating noncompli- ance shall not be increased.[65 FR 37571, June 14, 2000] 9903.201–7 Cognizant Federal agency responsibilities.

  • Indirect Costs $ To claim indirect costs, the applicant organization must have a current approved indirect cost rate agreement established with the Cognizant Federal agency.

  • To claim indirect costs, the applicant organization must have a current approved indirect cost rate agreement established with the Cognizant Federal agency unless the organization has never established one (see 45 C.F.R. §75.414 for more information).

  • This requirement shall apply only to negotiated subcontracts in excess of $650,000, except that the requirement shall not apply to negotiated subcontracts otherwise exempt from the requirement to include a CAS clause as specified in 48 CFR 9903.201-1.CLAUSE I.39 - FAR 52.230-6 ADMINISTRATION OF COST ACCOUNTING STANDARDS (MAR 2008) Administrative Note: The Cognizant Federal agency official is the BSO Contracting Officer.

  • Cognizant Federal agency means the Federal agency that, on behalf of all Federal agencies, is responsible for establishing final indirect cost rates and forward pricing rates, if applicable, and administering cost accounting standards for all contracts in a business unit.

Related to Cognizant Federal agency

  • Federal agency means any department, agency, or other instrumentality of the Federal Government, any independent agency or establishment of the Federal Government including any Government corporation, and the Government Printing Office.

  • Home health agency means a person certified by medicare whose business is to provide to individuals in their places of residence other than in a hospital, nursing home, or county medical care facility 1 or more of the following services: nursing services, therapeutic services, social work services, homemaker services, home health aide services, or other related services.

  • Federal banking agencies means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance Corporation.

  • Community action agency means an agency designated pursuant to section 8.

  • Procuring Agency means all State of New Mexico agencies, commissions, institutions, political subdivisions and local public bodies allowed by law to entertain procurements.