Purchases funded by federal grant funds must adhere to regulations found in the Office of
Management and Budget (OMB) Circular A-110. Circular A-110 explains administrative
requirements for colleges, universities, hospitals, and other non-profit organizations with
Federally funded grants and agreements. OMB circular A-110 section 40-48 identifies required
procurement standards. Detailed requirements may be located at the following file path:
 

Purchases made with Federal funds are reviewed for compliance with the Federal Acquisition
Regulation (FAR) and OMB Circular A-110. The grant administrators must retain all
back-up documentation, such as bids, quotes, cost/price analyses, and any other
additional information, as required by the grant documents, on file for Federal auditors.

EDGAR Procurement Guidelines (Federal Awards Grant)