Common use of Verification of expenditures by the controller Clause in Contracts

Verification of expenditures by the controller. The reimbursement of expenditures for execution of the operation is based on verifications by controllers. The verification of the relevant documents related to expenses is performed by the controllers before submission of the aggregated Request for payment by the LP (in a model for Request for payment annexed to the Project Implementation Manual). The LP may request verification of expenditures on a six months basis after the starting date of the project implementation period. As an exception from the provisions of paragraph 2, the LP may request verification of expenditures on a quarterly basis after the starting date of the project implementation period, provided that at least one of the following conditions is satisfied: the total amount of the expenditures made during the quarter is at least 15 % of the total amount of the operation as stipulated in article 3, or the total amount of the expenditures made during the quarter by some of the project partners is at least 15 % of the total amount of the budget of the respective project partner/s as per Annex 1. The information concerning the expenditures made is provided by the LP in accordance with article 7, paragraph 4. The LP must submit to the MA information for expenditures, subject to verification, in due format, and request for designation of controller/s (in a model annexed to the Project Implementation Manual) for all or for some of the project partners, not later than 5 (five) working days after the end of the reporting period. By way of exception, the request for verification of expenditures for the last reporting period can be submitted not later than 45 (forty five) days after the end of the project implementation period. If some of the project partners have not made any expenditure during the respective reporting period he should declare that to the LP in writing. The LP submits this declaration to the MA together with the request for designation of controller/s. The LP presents all documents to the designated controller and makes sure that all partners present their documents, in order to be verified before drafting and forwarding the reimbursement claims. The controller shall verify that the declared VAT is eligible on a case by case basis.

Verification of expenditures by the controller. The reimbursement of expenditures for execution of the operation operation, paid by the partners, is based on verifications by controllerscontrollers and approval of the project progress report for the respective reporting period. The verification of the relevant documents related to expenses is performed by the controllers before submission of the aggregated Request for payment by the LP (in a model for Request for payment annexed to the Project Implementation Manual). The LP may request verification of expenditures on a six months basis after the starting date of the project implementation period. As an exception from the provisions of paragraph 2, the LP may request verification of expenditures on a quarterly basis after the starting date of the project implementation period, provided that at least one of the following conditions is satisfied: the total amount of the expenditures made during the quarter is at least 15 % of the total amount of the operation as stipulated in article 3, or the total amount of the expenditures made during the quarter by some of the project partners is at least 15 % of the total amount of the budget of the respective project partner/s as per Annex 1. The information concerning the expenditures made is provided by the LP in accordance with article 78, paragraph 4. The LP must submit to the MA information for expenditures, subject to verification, in due format, and request for designation of controller/s (in a model annexed to the Project Implementation Manual) for all or for some of the project partners, not later than 5 (five) working days after the end of the reporting period. By way of exception, the request for verification of expenditures for the last reporting period can be submitted not later than 45 (forty five) calendar days after the end of the project implementation period. If some of the project partners have not made any expenditure during the respective reporting period he should declare that to the LP in writing. The LP submits this declaration to the MA together with the request for designation of controller/s. The LP presents all documents to the designated controller and makes sure that all partners present their documentsdocuments to the controllers, in order to be verified verified, before drafting and forwarding the reimbursement claims. The controller shall verify that the declared VAT is eligible on a case by case basisRequest for payment.

Verification of expenditures by the controller. The reimbursement of expenditures for execution of the operation is based on verifications by controllers. The verification of the relevant documents related to expenses is performed by the controllers before submission of the aggregated Request for payment by the LP (in a model for Request for payment annexed to the Project Implementation Manual). The LP may request verification of expenditures on a six months six-month basis after the starting date of the project implementation period. As an exception from the provisions of paragraph 2, the LP may request verification of expenditures on a quarterly basis after the starting date of the project implementation period, provided that at least one of the following conditions is satisfied: the total amount of the expenditures made during the quarter is at least 15 % of the total amount of the operation as stipulated in article 3, or the total amount of the expenditures made during the quarter by some of the project partners partner/s is at least 15 % of the total amount of the budget of the respective project partner/s as per Annex 1. The information concerning the expenditures made is provided by the LP in accordance with article 78, paragraph 4. The LP must submit to the MA information for expenditures, subject to verification, in due format, and request for designation of controller/s (in a model annexed to the Project Implementation Manual) for all or for some of the project partners, not later than 5 (five) working days after the end of the reporting period. By way of exception, the request for verification of expenditures for the last reporting period can be submitted not later than 45 (forty five) calendar days after the end of the project implementation period. If some of the project partners have not made any expenditure during the respective reporting period he they should declare that to the LP in writing. The LP submits this declaration to the MA together with the request for designation of controller/s. The LP presents all documents to the designated controller and makes sure that all partners present their documents, in order to be verified before drafting and forwarding the reimbursement claims. The controller shall verify that the declared VAT is eligible on a case by case basisRequest for payment.

Verification of expenditures by the controller. The reimbursement of expenditures for execution of the operation operation, paid by the partners, is based on verifications by controllerscontrollers and approval of the project progress report for the respective reporting period. The verification of the relevant documents related to expenses is performed by the controllers before submission of the aggregated Request for payment by the LP (in a model for Request for payment annexed to the Project Implementation Manual). The LP may request verification of expenditures on a six months basis after the starting date of the project implementation period. As an exception from the provisions of paragraph 2, the LP may request verification of expenditures on a quarterly basis after the starting date of the project implementation period, provided that at least one of the following conditions is satisfied: the total amount of the expenditures made during the quarter is at least 15 % of the total amount of the operation as stipulated in article 3, or the total amount of the expenditures made during the quarter by some of the project partners is at least 15 % of the total amount of the budget of the respective project partner/s as per Annex 1. The information concerning the expenditures made is provided by the LP in accordance with article 7, paragraph 4. The LP must submit to the MA information for expenditures, subject to verification, in due format, and request for designation of controller/s (in a model annexed to the Project Implementation Manual) for all or for some of the project partners, not later than 5 (five) working days after the end of the reporting period. By way of exception, the request for verification of expenditures for the last reporting period can be submitted not later than 45 (forty five) days after the end of the project implementation period. If some of the project partners have not made any expenditure during the respective reporting period he should declare that to the LP in writing. The LP submits this declaration to the MA together with the request for designation of controller/s. The LP presents all documents to the designated controller and makes sure that all partners present their documentsdocuments to the controllers, in order to be verified verified, before drafting and forwarding the reimbursement claims. The controller shall verify that the declared VAT is eligible on a case by case basis.