OMB to Overhaul Purchasing Standards Under Federal Grant Funds; New Webinar to Provide Best Practices and Requirements for Upcoming Changes

Share Article

In a Nov. 21 Federal Fund Management Advisor webinar, participants will learn how to respond to upcoming OMB changes in purchasing goods and services under federal grant funds.

The line items in federal grant or subgrant budgets usually break down into two broad categories of expense: compensation for employees and purchases of goods and services. The mix between the two varies, depending upon the nature of the program or project, but in every federal award, the recipient or subrecipient is doing some purchasing. Federal Fund Management Advisor’s Bob Lloyd will help participants of the Nov. 21 webinar, “Purchasing Goods and Services With Federal Grant Funds — Requirements and Best Practices,” understand what is currently required when conducting procurement transactions, what will be required once OMB finishes its overhaul of the existing rules, and how best to respond.

In 60 minutes of expert presentation followed by 30 minutes dedicated to individual questions, participants will learn answers to the following:

  • What are the required elements in written procurement procedures?
  • How are those elements likely to change going forward?
  • What prohibitions must be included in a code of conduct covering those involved in purchasing?
  • What kinds of supply chain management must be exercised?
  • What is required to solicit the marketplace?
  • What are the federal expectations for involvement by disadvantaged business enterprises?
  • What are the myths and realities about competitive bidding?
  • How can sole source procurements be justified?
  • What tools are available to perform cost or price analysis of bids or offers?
  • What is required to document contractor selection?
  • What federally required provisions must be inserted in contracts?
  • How should contract administration be conducted to assure compliance and performance?

Visit http://federalfundmanagement.com/webinars/wg327_112113 for more details and registration information.

Bob Lloyd is a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News, published by Atlantic Information Services. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.

Attendees of the Live Webinar Can Earn Up to 1.5 CPE Credits

Federal Fund Management Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.

About Federal Fund Management Advisor
Federal Fund Management Advisor is an organization that sponsors Federal Funding webinars and delivers free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read recent E-Strategies.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
Email >
Visit website