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The present section examines the procedures for monitoring and evaluating the Contractor's performance, imposing penalties in case of delays in the completion of the Project, acceptance of supplies and acceptance of deliverables from service contracts and public works as well as management of the risks appearing during the execution and management of the contract. It is pointed out that the sub chapter hereby is directly associated with the sub chapter 7.5, since that one provides guidance regarding the monitoring and control of Project implementation. In complement, then, to those instructions which are applicable whether the project is executed by own resources or by a Contractor, the issues presented or analysed here to a greater extent are those that are directly associated with the fact of a contract with an economic operator as well as with the provisions that such a contract should include.

© 2007 Republic of Cyprus, Treasury of the Republic, Public Procurement Directorate
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