Adjusted Risk Rating is defined as the Overall Risk Assessment derived from the Micro Assessment adjusted for other available information including: results of the Macro Assessment; past experience with the Partner, prior capacity assessments and micro assessments by other agencies.
In the HACT framework, these refer to planned activities used to determine whether funds transferred to implementing partners were used for their intended purpose and in accordance with the annual work plan.
Under this modality, UNDP conducts expenditure from requisition through to disbursement with no cash being transferred to the Partner. However, the implementing partner has full programmatic control and so full control over expenditures.
Under this modality, UNDP advances cash funds on a quarterly basis to the Partner for the implementation of agreed upon programme activities. The Partner in turn reports back expenditure. Note that the recording of expenditures, from requisition through to disbursement, occurs in the books of the Partner. UNDP is pre-funding the activities with advances of cash.
This refers to the arrangement where payments are made directly to vendors and other third parties providing goods or services for agreed upon programme activities on behalf of the Partner upon request and following completion of the activities. Under this modality, the Partner is responsible/accountable for the project expenses and carries out the procurement actions, but requests UNDP to make the disbursements. The office provides accounting services and banking services to the Partner.