- Objectives
- Purpose: cost determination, not level of funding
- Designed to provide that Fed. Awards bear fair share of costs
- Profit provision outside scope
- Policy guides
- Fundamental premise: state/local govs responsible for administration of Federal Awards
- Application
- All Fed. Agencies
- Sub-awards
- Guide for FP cost based contracts
- CAS
- Definitions
- awarding agency, approval, contracts, cog. Agency, cost, state/local gov., etc.
2005 - Federal Transit Administration