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FP6 Financial Info & FAQs --> Project --> Advance Payments --> Advance Payments FAQs

Q: We are members of a consortium which has recently been awarded an FP6 contract. We are now asked to lodge a bank guarantee, to be able to get the pre-financing from the coordinator. Since we are a young NGO, and have thus no credible bank record, we are unable to fulfil this requirement at the moment. Q: What are the other options available to us, so that we could meet the formal requirements, and carry out the planned research work with reasonable financial compensation along the way?
Q: Should the money received by Commission in the form of pre-payment or funding be invoiced? And if yes, to whom?

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