4. Contract and modalities of payment

The contracting party will sign a contract with the grant beneficiary that will include information of the activities to be carried out, the contract value, the modalities of payment and reporting.

Payment modalities[1]:
Grants will be paid in 2 instalments:

  • a first instalment, 60% of the grant, upon signature of the contract (pre-financing);
  • a second instalment, 27% of the grant, at end of the project and upon presentation, and approval, of the reports (balance).

The Culture at Work Africa consortium will directly manage 13% of the grant. This percentage will be fully destined towards mobility and capacity building activities, networking events and trainings across Africa and/or other countries, to be attended by minimum two representatives of the beneficiary throughout the project implementation.

Instalments will be paid by bank transfer only to grant beneficiaries’ bank account (lead applicant).

[1] This information is to be considered indicative; the payment conditions will be further specified in the contract with the beneficiaries of the projects.