Things to check in a donors contract
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The document outlines key items to check in a donors contract, including whether the contract is negotiable or flexible, budget and payment details such as amounts, schedules and currency, reporting requirements, audit requirements, contract dates, personnel guidelines, record keeping rules, subcontracting approvals, amendment timing, asset disposal, and termination details.
Things to check in a donors contract
- 1. Things to Check in a Donors Contract Indus Consortium
- 2. Is the contract negotiable, flexible or not? Basic facts correct title, activities, dates, implementation plan etc Any change in Budget Contract amount, method and frequency of payment (cost reimbursement or lump sums?), amount of 1st installment, payment schedule etc Final payment requirements (conditions etc) Currency of budget and payment Whether or not a separate bank account is needed Procurement & tendering requirements
- 3. The reporting schedule-content and timing, number of copies, to whom they are to be submitted, language. Audit is a separate audit required? If so has the cost been included in the project budget? Term of contract beginning and end dates of contract and project. Key personnel any guidelines from donor? recording keeping & accounting requirements original invoices? Sub-contracting to partners or other NGOs approval needed? Amendments timing Disposal of equipment or assets purchased under the contract Report of delays, force majeure, suspension of work Termination, settlement of dispute