It is the EC's requirement for detailed timesheets to be kept for all staff whose time is charged to EU FP7 projects, including Principal Investigators. Timesheets are required to:
- support the allocation of all Personnel costs to an award (including those staff who are 100% FTE)
- back up the allocation of time (and cost) across the different areas of activity covered by an award (e.g. time spent on Management, Research)
- allow the Commission to reconcile the cost charged to a project back to total hours worked by an individual (including time spent on non-EU projects).
For all multi-partner projects, Consortium Agreements are mandatory and are usually negotiated between the consortium partners' legal staff in parallel to the Grant Agreement preparation process.