Pre-financing: role of the coordinator

July 9th, 2008 — Johanna B.

Hello all,

I’m quite new in the FP7 project management and I will need some explanations about the pre-financing. We are coordinator and I want to know how it happens when we receive the pre-financing towards the other partners. Do we need to their budget or proofs from them before paying them?

Thanks a lot!

Johanna

Posted in Payments, pre-financing.

2 Responses to “Pre-financing: role of the coordinator”

  1. tjsanches Says:
    July 22nd, 2008 at 2:55 pm

    Hello Johanna,
    Before you pay the beneficiaries, it is important to know whether they have signed the Annex IV, Form A- Accession of beneficiaries to the grant system. When they have signed it, you can be sure that they participate and they have to meet the terms. We also made a consortium agreement (CA). When a participant had signed the Form A and the CA they received the money from us.
    Good luck and best regards, Tineke Sanches

  2. Henk VAN EKELENBURG Says:
    July 26th, 2008 at 11:16 am

    To add to what Tineke said, we usually agree in the CA that the pre-financing will be partly withheld and pay on deliverables. In FP7 it is less critical (at least that’s what the PGF is intended for), but paying on deliverables is always the best way to get things done.
    GL, Henk
    http://www.fp7coach.eu

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