Project Implementation Plan (Page 7 of 20) in pdf

Page 7 of 20

FM0027-GDL-00034-E-V15

[1.3]

1 Euro =

The exchange rate between the Euro and the local currency of the Beneficiary State that was defined

for the Open Call within which the Application form associated with this project was submitted. If the

project did not have an open call, this will be the rate agreed between the FMO and the Focal Point.

[1.4]

Final Eligibility Date

The date after which expenses associated with the project are deemed to be ineligible - as in the Grant

Agreement Article 4 Clause 3.

[1.5]

Deadline for final payment claim

The date by which all payment claims associated with the project must be submitted - as defined in the

Rules & Procedures Article 3.1.3.

[1.6]

Donor Commitment Date

The month in which respective Donors made a positive grant decision and awarded a grant. This date is

specified with ‘month’ accuracy. The three month reporting intervals in Part IV Project Activities will

start with the first month of the calendar quarter in which the Donors awarded a grant.

[1.7]

Planned Completion Date

The month in which the FMO understands that the project will complete. This date is specified with

‘month’ accuracy, and must not be later than the date in [1.4].

3.1.2 Summary of overall project funding

This section has two columns:

the left hand column repeats information in the Grant Agreement Article 2 referring to the

overall project expenditure figures, and the extent to which the project is supported by the

Financial Mechanisms

the right hand column summarises information entered into the PIP

[1.8]

Total cost: awarded by FMC / NMFA

The total cost of the project, as defined in the Grant Agreement based on the Application form and data

collected during the project’s appraisal by the FMO. (Grant Agreement Article 2 Clause 3)

[1.9]

Total cost: totals from this PIP

The total cost of the project, calculated from the expense breakdown in [2.3], [2.4] and [2.7].

[1.10]

Total eligible cost: awarded by FMC / NMFA

The total eligible cost of the project, as defined in the Grant Agreement based on the Application form

and data collected during the project’s appraisal by the FMO. (Grant Agreement Article 2 Clause 2)

[1.11]

Total eligible cost: totals from this PIP

The total eligible cost of the project, calculated from the expense breakdown in [2.3] and [2.4].

[1.12]

Total grant: awarded by FMC / NMFA

The total grant awarded under one or both mechanisms, as defined in the Grant Agreement based on

the Application form and data collected during the project’s appraisal by the FMO. (Grant Agreement

Article 2 Clause 1).

If the cell is highlighted

in red

then the project as described in the PIP is higher than in the Grant

Agreement, please refer to [1.13].

[1.13]

Total to be disbursed: totals from this PIP

The total amount to be disbursed calculated from Part V: Disbursement Plan (last column of [5.15]).

If the cell is highlighted

in red

then the project as described in the PIP is higher than in the Grant

Agreement, i.e. the total to be disbursed is higher than total grant awarded by the FMC / NMFA

([5.15]). This difference must be solved, and it is likely that the cash eligible expenses entered into

Part IV – Project Activities are too high. If the total to be disbursed is lower than total grant awarded

by the FMC / NMFA an explanation must be given in the text box in point [1.15].

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 7

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