Thursday, 31 July 2014

Formula 1 timesheets?


At a recent discussion of timesheets in H2020, an audience member asked whether it would be necessary to decorate the timesheet with an H2020 logo. It seems that auditors checking the cost of ERDF (European Regional Development Fund) projects had suggested this was a requirement for these projects. The logo consists of the standard 12 gold stars in a circle on a blue background plus a reference to the European Union and to ERDF, plus the statement “Investing in your future”.

If this principle were extended to all funders, imagine the logos that would adorn the timesheet of a professor involved in multiple teaching and research programmes funded by a range of sponsors: Horizon 2020; Erasmus+; National Research Agencies A, B and C; the Doors Foundation; Megacorp Inc etc. And if the university used a standard timesheet system for all its staff, rather than ad hoc spreadsheets for each person, then presumably all bodies funding the organisation would need to feature somewhere. Just like a Formula 1 racing car!


Regards
Singleimage - H2020 Training Workshops and Advice

Wednesday, 2 July 2014

Financial guarantees

In FP7, if an organisation had “weak” financial viability, they could not coordinate a consortium project. Financial viability was measured in terms such as liquidity, profitability and solvency. However, the EC would allow “weak” organisations to coordinate if they provided an irrevocable bank guarantee to cover the amount of the pre-financing for the consortium.

According to H2020 legislation, the financial capacity of an organisation can be guaranteed by any other legal entity which satisfies the EC’s financial viability checks – the same checks as in FP7. But in H2020, the entity providing the guarantee must assume joint liability for all – note “all” - debts of the would-be coordinator. Guarantees covering only its participation in EU project(s) cannot be accepted.

Regards
Singleimage - H2020 Training Workshops and Advice