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question
25 - DEDUCTION ADVANCE PAYMENT
Is the pre-financing fully deducted from the first payment claim based on the first progress report or it will be gradually deducted through the payment claims by the end of the project?
answer
The pre-financing is deducted in full if covered by expenses in the PR1. If the reported expenses are lower than the pre-financing, the reimbursement due will be = 0 and the remaining amount will be deducted in PR2.