Dealing with ‘High Risk’ Subrecipients and Contractors

Webinar • Thursday, June 27, 2019 • 2:00-3:30 p.m. ET  

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$349.00 Dealing with ‘High Risk’ Subrecipients and Contractors (06.27.19) (Live Webinar + On-Demand Recording)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Credit Information

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There’s little question that dealing with a host of subrecipients and contractors in your federal grant programs can ratchet up the risk that compliance problems will surface. The federal government even instructs the independent auditors performing your annual single audit that the mere presence of “third party contracts” may indicate enough risk that they should direct greater attention there.

Within your agreement portfolio, however, not all “lower tier” organizations are equal. Even when you’ve exercised proper due diligence in making awards, some of the organizations that you have to deal with are going to have problems. So, how can you identify which ones will raise compliance issues, and what can you address these concerns when reality dictates that you have to engage with them?

This webinar will address pointedly how best to deal with high risk subrecipients and contractors. You’ll get help:

  • Differentiating between subawards and contracts under grants
  • Conducting pre-award risk assessments
  • Addressing criteria for “high risk” designation specified in federal regulations
  • Employing additional commonsense factors in making judgments
  • Fashioning special subaward and contract terms and conditions
  • Determining which monitoring and oversight procedures make sense
  • Directing corrective actions and enforcement steps, when necessary

Join Bob Lloyd, principal of Federal Fund Management Advisor and a respected authority on policies and practices affecting the award, administration, and oversight of federal awards, for this timely and practical session.

WHO SHOULD ATTEND:

  • Finance directors
  • Legal counsels
  • Grant and contract managers
  • Sponsored projects administrators
  • Purchasing managers
  • Federal project directors
  • Project monitors
  • Principal research investigators
  • Program managers
  • Internal auditors
  • External auditors

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 1.5 CPE Credits

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This valuable resource will help you and your grants management team:

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  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
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