We’ll then forward to the qualifying authority (or other designated agent) a final account with a breakdown in line with the cost-sharing arrangements claimed.
The balance between this and the payments already paid to date will require prompt settlement to enable project closedown to occur.
Further important information
Only actual costs incurred are chargeable, which means we’ll refund any surplus funds held and invoice for any shortfall calculated.
We’ll make any betterment and deferment of renewal calculations at this final stage.
Failure to make payment before you start substantive work at any stage could invalidate the qualifying authority’s entitlement to take advantage of the cost-sharing arrangements.
If you need to discuss anything, please contact us.