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FP6 Financial Info & FAQs --> Project --> Costs --> 7% Management Costs --> Management Costs FAQs

Q:

Who pays for Bank Charges?

A:

We assume you mean Bank Transfer charges, - These are a sore point.

In FP6 as apposed to FP5, the Commission have removed from contracts that the coordinator has to transfer money to the partners net of bank charges.

Many “new” Coordinators are therefore saying that the partners bear all the bank charges.

In fact, the coordinator should pay them and then claim them back under the management activity were they are eligible costs and are covered at 100%.



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