What are the risks of implementing a project?🤔

💡 Implementing a project can be a difficult challenge and requires assuming the following financial risks :

1️⃣ Ensuring co-financing , your own contribution to support the cash flow necessary to make expenses because in most cases the money is returned after the purchases are made.

2️⃣ Supporting the exchange rate difference , because some funds are offered in EURO, and its value vs. leu may fluctuate between the signing of the financing contract and the time of purchases.

3️⃣ Sustaining price increases 📈 – Prices of materials and equipment may increase between the time of bidding and the time of purchase.

4️⃣ VAT support 💰 – because it is often an ineligible expense, and must be covered from own funds.

5️⃣ Support for unforeseen expenses 🔄 – Projects may encounter additional unforeseen costs, which the beneficiary must bear for the smooth implementation.

6️⃣ Supporting banking costs 💳 – Because often, ensuring your own contribution is achieved through bank loans, it is necessary to assume the related expenses, such as: commissions, interest, fees for evaluations and guarantees, land registry fees, notary fees, for powers of attorney and authorizations.

7️⃣Increase in co-financing 📊 – All these risks may lead to higher co-financing from you than initially estimated.

🔍 Our advice? Plan smartly, be prepared for the unpredictable, and actively engage in managing these risks!