Overseeing a Funded Project

Funders are expected to oversee the funded proposals by providing feedback on Proof of Deliverable Completion reports and withdrawing funds in the case of unsatisfactory development. Funders will receive notifications when a Proposal Owner upload proof of Deliverable completion document and change or add milestones for helping them in their overseeing process.

Feedback on Proof of Deliverable Completion reports

One of the other important processes in overseeing funded proposals is providing feedback to the Proof of Deliverable Completion reports. Inverter allows funders to be able to comment their feedback on specific Milestones. This feedback could be provided for suggestions for the proposal team regarding the next reporting phase or the funders' reasoning for the withdrawal of funds and their dissatisfaction point about the Deliverable reports. Proposal Owners can re-upload their milestone reports in reflection of this feedback. But, the previous versions of the upload will be visible to funders.

Having a feedback mechanism allows feedback loops between funders and Proposal Owners to ensure smoother development of the project. Also, as a funder being able to see feedback from different organization increase the transparency of information. To see more about how Inverter increases transparency (and other benefits), refer: Core Benefits of Inverter

To see step-by-step guideline: How to feedback ?

Withdrawal of Funds

While overseeing milestone reports, withdrawing funds when needed is a very important responsibility for funders, since hard accountability is ensured by funders' ability to withdraw funding any time when they are not satisfied with the Proof of Milestone Completion documents (Note: The withdrawn funding amount will be equal to idle funds in funding pool. In other words, funds that are in active milestone can not be accessed by funder.) If the funders do not check Proof of Deliverable completion reports and do not withdraw their funds in the case of unsatisfactory reports, their funding will continue to drip toward the project team; thus wasted. This is because uploading Deliverable reports (regardless of their quality) triggers the streaming of upcoming milestone resources (to see more details about the milestone process, refer: Milestones.)

To see step-by-step guidelines: How to withdraw funds ? How to Withdraw funds ?

How to Feedback on reports ?