Difference between revisions of "EST Advance Payments"
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The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros. | The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros. | ||
[https://documents.egi.eu/document/1030 Supporting documentation]includes: | |||
* Table of distribution | * Table of distribution | ||
* Summary Financial report | * Summary Financial report | ||
* Participant-Finance-Sheet-Y1 | * Participant-Finance-Sheet-Y1 | ||
== Pre-Financing No 1== | == Pre-Financing No 1== |
Revision as of 16:58, 29 February 2012
Homepage | eST quarterly reports | eST Advance Payments | eST Contractual documents | eST Financial reports |
Year 1 payment
The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros. Supporting documentationincludes:
- Table of distribution
- Summary Financial report
- Participant-Finance-Sheet-Y1
Pre-Financing No 1
A pre-financing payment equating to 53.33% of the total budget for the project was released from EC to EGI. From this, EGI is required to place 5% (of the total budget) in a Participant Guarantee Fund account managed by the European Investment Bank. When the project completes, this 5% will be returned to the participants with the final payment.
Table of prefinancing payments for the e-ScienceTalk beneficiaries
The subesequent payments will be processed after the acceptance of the annual financial reports and up to the total funding available for payment (usually 85%).