Please note that there have been significant changes from FP6, including changes in nomenclature. This aspect of FP7 is open to further changes and fine tuning. Many of the planned changes will only be phased in during the first few years. This is our current best assessment of where the rules stand. Note that many aspects will only be clarified as they are implemented. Some experts believe parts are unimplementable. Interpretation is also likely to vary within the Commission itself especially between Directorates as in the past.

	Differences between FP6 and FP7
		Changes in Terminology Contractual changes Cost models have been eliminated Financial Changes Impact of Changes from FP6 to FP7
	FP7 Participation, Subcontractors, Third Parties
		Third Parties Third Party FAQs SubContractors
	Risk-sharing Finance Facility, Guarantee Mechanism
		Financial Guarantee Fund
	Funding Regimes, Lump Sums, Flat Rates
		Default funding regime Default Funding Regime FAQs Fixed indirect costs option Lump-Sums Lump-Sums FAQs
	Funding Rates, Activities
		Consortium Management Costs Research Costs Demonstration Costs Innovation Costs Misc Costs Misc Costs FAQs
	Personnel Costs, Average Personnel costs, Employment issues, Students
		Personnel Costs Students Students FAQs
	Receipts
	Eligible & Ineligible costs
		Eligible Costs Eligible Costs FAQs Non-eligible costs Non-eligible Costs FAQs
	Overheads, Possible Methods, Direct Costs Vs Indirect Costs
		Going from AC to Full Costs Transitionary derogation for transition from AC Overheads FAQs
	Financial Planning, Financial Spreadsheet
		Financial Planning / Budgeting FAQs
	Bookkeeping, Accounting Records, Timesheets, Cost Recording
		Equipment Equipment FAQs
	Payments
		Prefinancing Prefinancing FAQs
	Financial Reporting, Timing and approval of financial reports
		Financial Reporting Financial Reporting FAQs
	FP7 Certificates
		Certificate on Financial Statement FAQs New FP7 Certification Concept Certificate On Methodology FAQs
	EU Audits / Liquidated Damages
		EU Audits EU Audits FAQs
	Consortium Agreement financial Issues
	The Role of the Coordinator