Simplified Method For Small Institutions
This section truncates the identification, assignment, determination, and application of cost rates when applied to any work that does not exceed US $10 Million in a single fiscal year. These simplified procedures may be used to account for the total cost of a project or work produced under the contract.
Read more about this topic: OMB Circular A-21
Famous quotes containing the words simplified, method, small and/or institutions:
“I have simplified my politics into an utter detestation of all existing governments; and, as it is the shortest and most agreeable and summary feeling imaginable, the first moment of an universal republic would convert me into an advocate for single and uncontradicted despotism. The fact is, riches are power, and poverty is slavery all over the earth, and one sort of establishment is no better, nor worse, for a people than another.”
—George Gordon Noel Byron (1788–1824)
“The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something. The millions who are in want will not stand idly by silently forever while the things to satisfy their needs are within easy reach.”
—Franklin D. Roosevelt (1882–1945)
“Today we seek a moral basis for peace.... It cannot be a lasting peace if the fruit of it is oppression, or starvation, cruelty, or human life dominated by armed camps. It cannot be a sound peace if small nations must live in fear of powerful neighbors. It cannot be a moral peace if freedom from invasion is sold for tribute.”
—Franklin D. Roosevelt (1882–1945)
“This, our respectable daily life, on which the man of common sense, the Englishman of the world, stands so squarely, and on which our institutions are founded, is in fact the veriest illusion, and will vanish like the baseless fabric of a vision; but that faint glimmer of reality which sometimes illuminates the darkness of daylight for all men, reveals something more solid and enduring than adamant, which is in fact the cornerstone of the world.”
—Henry David Thoreau (1817–1862)