[Uni-verse] Problem Urgent

[Gert Svensson]

The pre financing is the part of the money you get after roughly 45 days 
after the start of the project.
You normally  get 80 % of  the estimated cost for 18 months that is 
about 14 months in advance.
The next payment is after the first 12 months cost statement which 
realistically would be paid about  month 18-20
due to the amount of time it takes for the commission to process the 
cost statement. In this case you would have
to have a buffer 4-6 months.

In the current case we are talking of 26.,67 % of 18 months roughly 5 
months in advance.
This would mean that your buffer would have to be 13-15 months which I 
understand would be
a big problem for you.

If we cannot get the commission to change their mind I would suggest to 
take a decision in the PCC to distribute
the pre financing to some extent based on needs instead of equal amount. 
This would mean that big partners
like we would get less % and small partners like Blender would get more.
It may still be a problem however.

Best Regards
Gert


Ton Roosendaal wrote:

> Hi,
>
> This afternoon I go over this with Angela. But I don't know what it  
> means... can you elaborate the below statement for me? When then does  
> what get paid, and what does it mean for cashflow?
>
> The BF is the smallest of the participants; we will depend on the  
> subsidy money quite some. We have sufficient cashflow to pay several  
> months in advance, but we cannot afford to do this for a full half 
> year  period.
>
> -Ton-
>
>
>
>
>
> On Tuesday, Jan 27, 2004, at 22:55 Europe/Amsterdam, Gert Svensson  
> wrote:
>
>> I have received the contract from the commission for us to sign.
>> There is however an unforeseen problem in the contract.
>> The pre financing is 26.67 % instead of normally 80 %.
>> This would mean that we have to wait longer for proper financing in  
>> the project.
>> This is no big problem for us but what do you say about this?
>>
>> I called the project officer immediately and he claimed this was done
>> because if the bad financial situation at KTH.  This seems quite absurd
>> as we are a part of the Swedish government. Country of Sweden going  
>> bankruptcy??
>>
>> Anyway the situation seems to be that we cannot change this
>> without further delay in the start of the project.
>>
>> Please let me know your comments!
>>
>> Best Regards
>> Gert
>>
>> _______________________________________________
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>> http://www.blender.org/mailman/listinfo/uni-verse
>>
>>
> ------------------------------------------------------------------------ 
> -- 
> Ton Roosendaal  Blender Foundation ton@blender.org  
> http://www.blender.org
>
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