When is the Fund Operator paid?
Are costs incurred during programme development considered eligible?
Costs related to the preparation of the programme are eligible for the appointed Fund Operator and covered under the management fee.
Payments will be made after the signing of the Programme Implementation Agreement.
Please see the footnote in section 4 of the Terms of Reference and section 5.4 of the Manual. c
Can preparation of the programme be part of the management fee, for example if travel to Brussels for meetings with the FMO is necessary?
Yes, preparation of the programme is a cost that can be covered by the management fee. Such costs can obviously only be covered if the consortium is successful in its bid to become Fund Operator, and a Programme Implementation Agreement is concluded.