Monday, 4 February 2013

Raindrops of FP7 comfort

The EC has introduced four small improvements which are incorporated in the grant agreement from January 2013:

• Advance payments will be made within 30 days of EC signature of the grant agreement (previously 45 days)
• Forms C can be signed electronically – no submission of paper copies
• The coordinator no longer reports any interest earned on pre-financing
• Interim and final payments will be made within 90 days of receipt of reports (previously 105 days).

The last one is, of course, of little value, because the EC’s clock stops each time they ask a question concerning the reports. Typical payment times for final reports still seem to be more than a year after the project end!

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