Section 305.8 - Recipient-furnished equipment and materialsThe Recipient may wish to incorporate into the Project equipment or materials that it will secure through its own efforts, subject to the following requirements:
(a) EDA must approve any use of Recipient-furnished equipment and materials. EDA may require that major equipment items be subject to a lien in favor of EDA and also may require a statement from the Recipient regarding expected useful life and salvage value of such equipment;(b) EDA may require the Recipient to establish that the expense claimed for such equipment or materials is competitive with current local market costs; and(c) Acquisition of Recipient-furnished equipment or materials under this section also is subject to the requirements of 2 CFR part 200 .71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76132, Dec. 19, 2014; 82 FR 57054, Dec. 1, 2017