Subcontracts vs. Procurement from a Vendor?
Florida International University receives grants and contracts for research, scholarship, and other sponsored activities from a broad source of funding entities which often have specific guidance as to how to process a portion of that money to other organizations and whether that processing is through a subcontract or procurement. The distinctions between subcontracts and procurements are generally guided by the Federal Acquisition Regulations, OMB Circulars A-110 and A-133, sponsor regulations and State of Florida statutes. These distinctions often include the purpose of the distribution of funds to a sub-awardee and the necessity to flow-down the terms and conditions of the award from the organization initially receiving the funds to the sub-awardee.
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- Subcontracts vs. Procurement from a Vendor?
