Project Implementation Plan (Page 13 of 20) in pdf

Page 13 of 20

FM0027-GDL-00034-E-V15

If the cell is highlighted

in red

then the source of co-financing in relation to the awarded grant rate is

not in compliance with the Guide on Co-Financing Ceilings.

[5.5]

Percentage of total eligible expenses to be disbursed on approval of Project Completion

Report (PCR)

The percentage set in the Grant Agreement.

[5.6]

Advance offset mechanism

The mechanism defined in the Grant Agreement. This can take one of five values:

1. The whole advance is set off against the first payment claim

2. The advance is set off in equal proportions from the first payment claim until 80% of the

grant has been spent

3. The whole advance is set off when 80% of the grant has been spent

4. Manual advance offset scheduling

5. Not Applicable

In the first three of these, the PIP calculates the offset for the advance, and adjusts the planned

disbursement accordingly. The fourth enables a custom offset schedule to be entered, and the fifth is

used if no advance payment is planned.

[5.7]

PIR number

The PIP provides space for the maximum possible number of PIRs that could be submitted on the

project, based on the minimum reporting period duration of three months. If the planned project

duration is not a multiple of three months, then at least one period will need to be longer than three

months.

It is not mandatory to use the maximum number of PIRs – the PIP enables reporting period durations

of up to one year to be selected.

[5.8]

Reporting period start month

The start month of the period on which a PIR reports. The start month of PIR #1 is always the planned

start date of the project. The start month of PIR #<n+1> is always the month following the end month

of PIR #<n

[5.9]

Reporting period end month

The end month of the period on which a PIR reports. This is selected from a drop-down list, with the

shortest reporting period being three months, and the longest being one year. If the end of the project

falls within one year, then there may be empty spaces at the bottom of the list – the user will need to

use the drop-down scroll bars to access the top of the list.

[5.10]

Likely disbursement month

The month in which the FMO is likely to disburse funds claimed in this PIR. This is set to three months

after the end of the reporting period, and assumes that the Promoter will submit the PIR to the Focal

Point at the beginning of the month following the end of the reporting period. The date calculated in

this field assumes that the information in the PIR is of a high enough quality to enable timely

evaluation of the payment claim – if this is not the case the disbursement date is likely to be delayed.

[5.11]

Advance offset

The amount of the advance to be offset in a reporting period. This includes both the offset against the

Financial Mechanism(s) grant, and the cash co-financing.

This row is read-only, and the data is calculated by the PIP for all offset mechanisms other than

‘Manual advance offset scheduling’, in which case the user can enter the amounts to be offset in each

reporting period.

[5.12]

Disbursement

The amount that the Financial Mechanism(s) plan to disburse in a given reporting period.

Financial Mechanism Office, 12/16, Rue Joseph II, 1000 Brussels, Belgium . Tel: +32 (0)2 286 1701 . Fax: +32 (0)2 286 1789 . Email: fmo@efta.int .

Project Implementation Plan Page 13

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