Post by parvej64 on Oct 26, 2023 5:28:45 GMT -5
As part of the project implemented by a large company, an application for final payment was submitted on November this application was approved on November , , then on December the Intermediate Institution transferred the funds to the Beneficiary's account. The project durability period is counted from December , and lasts until December and in the case of SMEs until December Monitoring project sustainability What does project sustainability monitoring look like in practice? Entrepreneurs are obliged to submit an annual report on the sustainability of the project to the institution that provided support.
The report is completed on the template provided by the financing institution and submitted via a system dedicated to project settlement (i.e. the SL system). The report must be signed by a person authorized to represent the company - you photo retouching can submit an electronically signed document or a scan of a manually signed document. The first report is sent at the request of the Institution one year after the date of transfer of the final payment/approval of the payment application. What is checked sustainability. It is checked whether the entrepreneur has fulfilled the obligations related to the durability of the project, which were included in the financing agreement.
Monitoring concerns areas such as the project objective, VAT eligibility, generating income in the project, project promotion, archiving project documentation, project compliance with horizontal policies, continuation of operations, and verification of the behavior of project indicators and the achievement of result indicators indicated in the funding application. What if the principles of project durability are violated? Violation of the principle of project durability occurs when: • cessation of production activity or its transfer outside the program support area, a change in the ownership of an element of co-financed infrastructure that gives an enterprise or public entity undue benefits, a significant change affecting the nature of the project.
The report is completed on the template provided by the financing institution and submitted via a system dedicated to project settlement (i.e. the SL system). The report must be signed by a person authorized to represent the company - you photo retouching can submit an electronically signed document or a scan of a manually signed document. The first report is sent at the request of the Institution one year after the date of transfer of the final payment/approval of the payment application. What is checked sustainability. It is checked whether the entrepreneur has fulfilled the obligations related to the durability of the project, which were included in the financing agreement.
Monitoring concerns areas such as the project objective, VAT eligibility, generating income in the project, project promotion, archiving project documentation, project compliance with horizontal policies, continuation of operations, and verification of the behavior of project indicators and the achievement of result indicators indicated in the funding application. What if the principles of project durability are violated? Violation of the principle of project durability occurs when: • cessation of production activity or its transfer outside the program support area, a change in the ownership of an element of co-financed infrastructure that gives an enterprise or public entity undue benefits, a significant change affecting the nature of the project.