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EGI-InSPIRE:Advance Payments

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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 the cost 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 [1] 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 [2]
  • quarterly payments based on the use of resources: Q1 payments - Table 2 [3]
    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 [4].

Advance 2

EC deliverable MS106-CO [5]

Detailed Summary Payment per partners and JRUs[6] Spreadsheet for the payments related to PQ2 and EGI.eu contribution to the Global efforts.

Advance 3

payment of Q3 Nov-Dec 2010-Jan 2011

Advance 4