Contracts Article. 11 In-kind contributions against payment
Contracts Article. 11 In-kind contributions against payment Contractors act as economic operators selling to the beneficiary goods, works or services that Third parties contributing in-kind make available some of their resources to a beneficiary without this being their economic
Contracts Article. 11 In-kind contributions against payment Contractors act as economic operators selling to the beneficiary goods, works or services that are necessary for the action. Third parties contributing in-kind make available some of their resources to a beneficiary without this being their economic activity (i.e. seconding personnel, contributing equipment, infrastructure or other assets, or other goods and services). The eligible costs are the prices charged to the beneficiary by the contractors or subcontractors (usually containing a profit margin for the contractors or subcontractors but not for the beneficiary). The eligible costs are the amounts that the beneficiary pays to the contributors according to their agreements, within the limit of the third party’s costs (the amounts to be paid to the contributors usually exclude a profit margin but if they do, the profit margin is not eligible). Financial support to third parties Beneficiary
Contracts Article. 11 In-kind contributions against payment Contractors act as economic operators selling to the beneficiary goods, works or services that are necessary for the action. Third parties contributing in-kind make available some of their resources to a beneficiary without this being their economic activity (i.e. seconding personnel, contributing equipment, infrastructure or other assets, or other goods and services). The eligible costs are the prices charged to the beneficiary by the contractors or subcontractors (usually containing a profit margin for the contractors or subcontractors but not for the The eligible costs are the amounts that the beneficiary pays to the contributors according to their agreements, within the limit of the third party’s costs (the amounts to be paid to the contributors beneficiary). usually exclude a profit margin but if they do, the profit margin is not eligible). Example (in-kind contribution against payment): Civil servant working as a professor in a public university. His salary is paid by the Government (the Ministry) which employs him. According to the secondment agreement, the beneficiary (the university) has to reimburse the Government an amount corresponding to the paid salary. The reimbursed amount is a cost for the beneficiary and is recorded as such in its accounts. The beneficiary will declare the amount reimbursed to the Government in its financial statements. Example (in-kind contribution free of charge): Civil servant working as a professor in a public university. His salary is paid not by the beneficiary (the university) but by the Government (the Ministry). According to the secondment agreement, the Government does not ask any reimbursement in exchange (non-cash donation). The beneficiary will declare these salary costs in its financial statements, even if they are paid by a third party (the Ministry/Government).
