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Administration of a NICe funded project
• Contract• Economic issues• Reporting
From EOI to Project in NICe
• EOI• Application• Decision by board• Cooperation agreement• Signed revised budget• Contract signed• Invoice: 50% of grant first year
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
General terms and conditionswww.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
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
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
Reporting routines
Why report?– Are you sticking to the plan?– Economy
– Because NICe is interested– Because what you do is important
and interesting
When to report
• Status reporting– End of calendar year– Deadline: Jan. 20, 2007
• When project is finalized– Deadline: within date of project
finalization
Status reporting• Milestone/activity plan• Deviations/challenges/problems• Economic report• Indications, preliminary results and
conclusions
Project finalization
• Administrative report• Expert report
Expert reportNICe ReportGoal: 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