Difference between revisions of "EST Advance Payments"
Jump to navigation
Jump to search
Line 1: | Line 1: | ||
{{eScienceTalk menu}} | |||
== Advance payments== | == Advance payments== | ||
{{TOC_right}} | {{TOC_right}} |
Revision as of 14:26, 9 September 2011
Homepage | eST quarterly reports | eST Advance Payments | eST Contractual documents | eST Financial reports |
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%).