What is important is that for each lump sum a specific product indicator is established, the achievement of which is necessary for the task to be considered completed and the lump sum assigned to it to be paid in full.
It is not possible to pay the lump sum in part, as its settlement is made only in the " meets-does-not-meet " system.
Therefore, the beneficiary may receive either the full value of the lump sum allocated for a given task or not receive it at all if the task was incorrectly completed or documented.
In addition, tasks completed on the basis of lump sums linkedin data must always be settled in the next payment application scheduled after their completion. It is not possible to postpone the settlement of tasks completed on the basis of lump sums to later periods.
No obligation to monitor partial expenses
In the case of settling projects using lump sum amounts, a great convenience is the fact that the beneficiary is not obliged to monitor the amounts of actually incurred partial expenses that make up a given lump sum.
Thus, the project does not generate any savings and the beneficiary does not return the funds if it actually spent less than the lump sum amount it specified .
Similarly , he does not receive an additional refund if he has spent more than the agreed lump sum amount .
Therefore, the lump sum amounts that will be finally determined at the funding application stage will apply throughout the entire project period.