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Difference between revisions of "EGI-InSPIRE:Advance Payments"

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* Participant finance sheets <br>
* Participant finance sheets <br>
* Project finance overview consolidated <br>
* Project finance overview consolidated <br>
<br>


=== Advance 5 ===
=== Advance 5 ===

Revision as of 14:26, 21 December 2011

EGI-Engage Project Office: Contact details Contracts, Minutes Reimbursing procedures Project reporting Advance Payments Financial reports Project Administration Archive



Advance payments


A pre-financing payment equating to 40% 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.

Quarterly payment are set-up to cover costs incurred in a quarter. It is based on the PPT effort returns.

Advance 1

It is the responsibility of the Lead Beneficiary to redistribute the money to its JRUs. The following table shows the share of funding for each participant, Leads and JRUs, for the total funding.

Pre-Financing and payment of Q1 May-June-July 2010:

40% of the total pre-financing received from the EC is decreased with the 5% corresponding to the PFG (Participant Guarantee Fund). The remaining 35% are distributed as follows:

  • 6 months effort equivalent paid as an advance - Table 1
  • quarterly payments based on the use of resources: Q1 payments - Table 2
    It shows for each participant, Leads and JRUs, the calculation of estimated funding used in Q1 according to the efforts used and task rate grouping.

Then EGI.eu distributes separately the funding related to the global efforts declared in Q1 see Table 3.

Advance 2

EC deliverable MS106-CO

Detailed Summary Payment per partners and JRUs This spreadsheet summarises the payments related to PQ2 and EGI.eu contribution to the Global efforts.

Advance 3

EC deliverable MS107-CO [MS-107-CO]

Payments of Q3 Nov-Dec 2010-Jan 2011: download the files [here]

  • PQ3 payments; this files includes 3 sheets:
    • Summary of PQ3 payments, per beneficiary (+ cumul of previous payments and pre-financing left)
    • Details of costs per partners & Tasks, for each JRUs the costs are distributed per tasks
    • Payment Adjustments PQ1-PQ2, per each JRUs, following the revisions of the timesheets in PPT
  • PQ3 Global taks payments related to E-tasks only
  • Payment Summary is an overview of both payments made from bank account of the project and from EGI.eu bank account to make it easily identifiable on your bank account

Advance 4

Year 1 balance of costs accepted versus quarterly payments (excluding the 6 months prefinancing release along with Advance 1)

Download the following files here:

  • Summary Financial report-Payment calculation
  • Participant finance sheets
  • Project finance overview consolidated


Advance 5

Payments of PQ5 May-July 2011: download the files

EC deliverable MS112-CO