What is the situation we have decided to change:
Speeding up the processes by complying with the targets set for payment times and time to contract in the new Financial Regulation that came into force on 01/01/2013 shortening the time to pay to 90/30 days and introducing new limit on time to contract.
Amendments of existing contracts take a long time which might have a negative impact on the acceleration of payment times. Delays can both occur on EC and consortium side.
Conclusion of audits and the implementation of the results is a very lengthy process, on the one hand doing right to the beneficiary with a contradictory procedure, on the other hand creating uncertainty on the final outcome for both beneficiary and the consortium and suspension of payments in some cases.