Requirement for System for Award Management Clause Samples

The Requirement for System for Award Management clause mandates that contractors must be registered in the federal System for Award Management (SAM) database to be eligible for government contracts. This involves providing up-to-date business information and maintaining an active registration throughout the contract period. By enforcing this requirement, the clause ensures that only verified and compliant entities can participate in federal procurement, thereby reducing fraud and streamlining the vetting process.
Requirement for System for Award Management. Unless you are exempted from this requirement under 2 CFR 25.110, you as the recipient must maintain the currency of your information in the ▇▇▇ until you submit the final financial report required under this award or receive the final payment, whichever is later. This requires that you review and update the information at least annually after the initial registration, and more frequently if required by changes in your information or another award term.
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Requirement for System for Award Management. Unless you are exempted from this requirement under 2 CFR §25.110, you as the recipient must maintain current information in the ▇▇▇. This includes information on your immediate and highest level owner and subsidiaries, as well as on all of your predecessors that have been awarded a Federal contract or Federal financial assistance within the last three years, if applicable, until you submit the final financial report required under this Federal award or receive the final payment, whichever is later. This requires that you review and update the information at least annually after the initial registration, and more frequently if required by changes in your information or another Federal award term.
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Requirement for System for Award Management. (▇▇▇): Unless the Sponsor is exempted from this requirement under 2 CFR 25.110, the Sponsor must maintain the currency of its information in ▇▇▇ until the Sponsor submits the final financial report required under this Grant, or receives the final payment, whichever is later. This requires that the Sponsor review and update the information at least annually after the initial registration and more frequently if required by changes in information or another award term. Additional information about registration procedures may be found at the ▇▇▇ website (currently at ▇▇▇▇://▇▇▇.▇▇▇.gov).
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Requirement for System for Award Management. Unless a recipient is exempted from this requirement under 2 CFR § 25.110, Exceptions to this part, the recipient must maintain a current and active registration in ▇▇▇.▇▇▇. The recipient’s registration must always be current and active until the recipient submits all final reports required under this Federal award or receives the final payment, whichever occurs later. The recipient must review and update its information in ▇▇▇.▇▇▇ at least annually from the date of its initial registration or any subsequent updates to ensure it is current, accurate and complete. If applicable, the recipient must identify its immediate and highest-level owners and subsidiaries and provide information about its predecessors that have received a Federal award or contract within the last three years. For the purposes of this award term:
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Related to Requirement for System for Award Management

  • System for Award Management (▇▇▇) and Data Universal Numbering System (DUNS) Requirements.

  • PAYMENT FOR GOODS AND SERVICES a. DIR Customer shall comply with Chapter 2251, Texas Government Code, or applicable local law, in making payments to the Vendor. Payment under a DIR Contract shall not foreclose the right to recover wrongful payments. b. Payments must be made in accordance with laws and procedures applicable to DIR Customer. c. DIR Customer agrees to pay the rates and/or prices set by DIR with its vendors. DIR Customer understands these rates and/or prices include a DIR administrative fee. d. All purchases executed under a DIR Contract will require a DIR Customer purchase order.