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)
“Steady labor with the hands, which engrosses the attention also, is unquestionably the best method of removing palaver and sentimentality out of one’s style, both of speaking and writing.”
—Henry David Thoreau (1817–1862)
“It doesn’t matter that your painting is small. Kopecks are also small, but when a lot are put together they make a ruble. Each painting displayed in a gallery and each good book that makes it into a library, no matter how small they may be, serves a great cause: accretion of the national wealth.”
—Anton Pavlovich Chekhov (1860–1904)
“The whole history of civilisation is strewn with creeds and institutions which were invaluable at first, and deadly afterwards.”
—Walter Bagehot (1826–1877)