Make sure the budget details match the proposal and invitation to prepare the grant agreement. The proposal includes the budget of all third parties linked in the budget of the participants concerned. At this point, you must separate the budget of the participants and the related third parties and provide details for both. While a grant agreement is concluded, each recipient chooses one or more signatories to the project and each of them can sign online. If the legal, administrative and financial data are complete, we will determine the amount of pre-financing to be paid to them at the beginning of the project. There is no standard amount or percentage for pre-financing. In the case of an action of at least two reporting periods, it is generally less than the average EU funding per period (i.e. a maximum amount/number of periods). For more details, see Annotated Model Grant Agreement, Article 21.2. PLSIGNs sign changes to grant agreements and PFSWs sign accounts using the same process. Signature Statement: As a recipient, you must sign a “declaration of honour” as soon as possible and no later than 6 weeks after the date you were invited to prepare the grant agreement. The grant agreement can only be signed when all recipients have signed their declarations of honour.

If the RAC is a beneficiary, it must sign Schedule 3b (not Schedule 3) as a membership form. The RAC and the Commission must sign the administrative agreement online at the time of the aid signing. “Insufficient” If your financial viability is not sufficient, you are not normally allowed to participate in the project. We will notify you immediately if you are excluded from participating in a project due to “insufficient” financial capacity and remedies. In this case, the consortium must present a solution following the steps of withdrawal or replacement of a participant (see above). If no acceptable solution is presented, the preparation of the grants can be completed and the proposal may be rejected. Select the action (i.e. the project) for which a grant agreement is being prepared.

As stipulated in the grant agreement, the coordinator must select a bank account for EU payments by selecting > “Manage Projects” in a drop-down list of the organisation`s validated bank accounts on the My Projects page. As soon as the corresponding bank account has been allocated to the project, it is used for the grant agreement. You`ll find all the necessary steps in the tool. If the preferred bank account is not mentioned, the coordinator should contact the organization`s LEAR (or self-registration for unr validated PICs) and ask them to request validation of the bank account through the participant registry. Once this new bank account has been verified (it may take a few days), it is displayed in the list of validated bank accounts and the coordinator can select it. If joint and several liability has been sought but the declaration is not presented as shown above, the recipient is not deemed to be a party to the grant agreement. This is considered to be the if the membership form had not been signed. Before the grant agreement can be signed, the PLSIGN must sign a declaration of honour from each recipient (“subsidy declaration” in the system) according to the same procedure described in point 3. See the presentation of the declaration of honour for general grants and the separate presentation of the declaration of honour for a low-value grant agreement. Deadlines: The invitation to prepare the grant contract sets the deadlines you must meet. They may deviate slightly from the aforementioned standard agreements, provided that the grant agreement can be concluded within three months. First version: you have three weeks to submit the first version of the grant contract data, including Schedule 1 (DoA) and Schedule 2 (estimate of budget breakdown/flat estimate for lump sum pilot projects).