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PREFACE <br />Terms and Conditions of the Award. This financial assistance award on Form CD -450 (this "Award "), <br />executed by the Economic Development Administration ( "EDA ") and the Recipient, together with the <br />EDA - approved project budget and scope of work, these construction standard terms and conditions, <br />special award conditions, and all applicable federal statutory and regulatory requirements as incorporated <br />by reference (e.g., all applicable statutes, regulations, Executive Orders, and Office of Management and <br />Budget (OMB) Circulars), constitute the complete requirements, hereinafter referred to as the "Terms and <br />Conditions," applicable to the EDA investment. <br />The Recipient and any subrecipient must, in addition to the assurances made as part of the application for <br />investment assistance, comply with and require each of its contractors and subcontractors employed in the <br />completion of the project to comply with the Terms and Conditions of this Award. <br />This Award is subject to the laws and regulations of the United States. Any inconsistency or conflict in <br />the Terms and Conditions specified in this Award will be resolved according to the following order of <br />precedence: public laws, regulations (including applicable notices published in the Federal Register), <br />Executive Orders, OMB Circulars, EDA's construction standard terms and conditions, and special award <br />conditions. A special award condition may take precedence on a case -by -case basis over a construction <br />standard term or condition when warranted by specific project circumstances. <br />Some of EDA's construction terms and conditions herein contain, by reference or substance, a summary <br />of the pertinent statutes or regulations published in the Federal Register or the Code of Federal <br />Regulations ( " C.F.R. "), Executive Orders, OMB Circulars, or the assurances required of the Recipient <br />(See Forms SF424B and SF- 424D). To the extent that it is a summary, such provision is not in <br />derogation of, or an amendment to, any such statute, regulation, Executive Order, OMB Circular, or <br />assurance. <br />