Quiz 4

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Question 1 of 3

1. Question
The advance payment procedure has been contractually agreed. How must the payment of the financial contribution be requested? (Number of correct answers: 3)
- The advance payment request must be made in writing.
- The funds are paid automatically once the contract has been signed.
- The GIZ ‘Advance payment request’ (call for disbursement) form must be completed in its original form and submitted.
- If provided for in the contract, sureties or bank guarantees must be submitted
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Question 2 of 3

2. Question
When is the latest that evidence of the use of the funds (financial statement) can be submitted by the recipient? (Number of correct answers: 2)
- After the first advance payment request and with each new advance payment request
- When the contract expires
- If necessary
- If a further advance payment is requested, it must be proved that at least 80% of the previous advance payment has gone towards implementing the project
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Question 3 of 3

3. Question
Which costs may be entered in the evidence of the use of funds (financial statement) by the recipient? (Number of correct answers: 2)
- All costs incurred by the recipient may be entered.
- The costs listed in the evidence of the use of funds (financial statement) must be allocated to the contractually agreed measures.
- The expenditures must be recorded in the list of expenditures in such a way that the individual expenditures can be clearly allocated to the agreed measures.
- Offsetting of up to 30% of costs is permissible.
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Financing agreements

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