Difference between revisions of "EST Advance Payments"
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(Created page with '== Advance payments== {{TOC_right}} 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 pla…') |
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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%). | 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%). | ||
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Revision as of 14:24, 9 September 2011
Advance payments
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%).