What is the life cycle of COFUND?

How long does it take from the moment of writing the proposal until the moment the project can finally start (in case you get funded by the European Commission)
Count roughly 14 months :
•Stage 1: After the Call for a COFUND has been published, the applicant has about 4 months to prepare and submit a proposal until the deadline
•Stage 2 : A panel of experts will evaluate the proposals (~4 months)
•Stage 3 : Applicants whose proposals have been successfully evaluated in Stage 2 will be invited by the EC to negotiate (~3 months)
•Stage 4 : If the negotiation with the EC has been successful, it will take another 3 months to prepare the contract
•Stage 5: Start of the project, funded for a period of 24 to 48 months.