In addition, and conforming to objectives stated in the Fifth Framework Programme decision concerning valorisation and dissemination, the Commission will follow-up the implementation of the results of the project. To this end participants are required to produce before the end of the project a Technology Implementation Plan indicating how the knowledge gained will be used. The Commission will ensure, where necessary, the confidentiality of these data. In exchange for the execution of the research project by the participants, and their use of the results, the Commission undertakes a financial contribution to the work. With the exception of those cases where the Commission's contribution takes the form of a lump sum, payment consists in the reimbursement of eligible costs incurred by participants following a predetermined calculation method.
Payment is made in instalments at regular intervals.
In order that the Commission fulfils this obligation, participants are required to identify and declare their eligible costs by the submission of interim and final cost statements. Participants must retain supporting documents, which justify these costs, for at least 5 years from the end of the contract, to permit inspection by Commission services or other institutions, particularly the Court of Auditors. Payment of the contribution The Community contribution is paid in Euro, in a number of regular instalments based on cost claims submitted by participants with their interim and final reports. The Commission may make advance payments at the beginning of project, contingent on verification of the participants financial standing. In certain circumstances the Commission may request financial or other guarantees to ensure the security of any advance payment made.