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Contract Economic issues Reporting. Administration of a NICe funded project. EOI Application Decision by board Cooperation agreement Signed revised budget Contract signed Invoice: 50% of grant first year. From EOI to Project in NICe. Principles: Clear, easy to understand

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Administration of a nice funded project

Contract

Economic issues

Reporting

Administration of a NICe funded project


From eoi to project in nice

EOI

Application

Decision by board

Cooperation agreement

Signed revised budget

Contract signed

Invoice: 50% of grant first year

From EOI to Project in NICe


The contract

Principles:

Clear, easy to understand

General terms and conditions

6 annexes

Dynamic

The essential:

The core of the project

Marked oriented outcome

NICes interest in the project

The contract


General terms and conditions

www.nordicinnovation.net > Application process

Basis for the agreement between the project and NICe

Some important elements:

Project owner

Project manager

Steering group

Cooperation agreement

Material changes

Changes of lesser significance

Milestone plan and deliverables

Results and rights

General terms and conditions


Economy

Changes in budget

Disbursement:

When contract is signed: 50% of first year’s grant

Status report: Reminding 50% + 50% of next year’s grant

Finalization of project: Reminding 50%

All deliverables have been fulfilled + reports approved

Disbursed against invoice

NICe make payments to project manager only

Economy


Accounts

Each project keep their own accounts of their actual costs

Project manager keeps overall account for the entire project

Audited financial report by end of project

Accounts


Reporting routines

Why report?

Are you sticking to the plan?

Economy

Because NICe is interested

Because what you do is important and interesting

Reporting routines


When to report

Status reporting

End of calendar year

Deadline: Jan. 20, 2007

When project is finalized

Deadline: within date of project finalization

When to report


Status reporting

Milestone/activity plan

Deviations/challenges/problems

Economic report

Indications, preliminary results and conclusions

Status reporting


Project finalization

Administrative report

Expert report

Project finalization


Expert report

NICe Report

Goal: Create a well-known, high quality series of Nordic publications within the theme innovation.

General:

Language: English

First 1-7 pages: NICe guidelines

Target group: the public

The rest of the report: Formed after your wishes and needs

Expert report


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