- Performance Monitoring
Performance monitoring is an ongoing process conducted by the announcing party to ensure that the project is being executed according to the agreed-upon timeline and the quality specified in the contract. This process is essential to minimize delays and problems and to ensure the achievement of project objectives.
Stages of Performance Monitoring
- Preparing the Monitoring Plan: Identifying key performance indicators (KPIs) and measurement mechanisms.
- Periodic Monitoring: Conducting field visits or reviewing performance reports.
- Continuous Communication: Holding regular meetings with the contractor or supplier to review progress.
- Final Evaluation: Comparing actual results with the goals outlined in the contract.
Importance of Performance Monitoring
- Ensuring Compliance: Ensuring that the supplier or contractor adheres to the contract.
- Problem Solving: Early detection of challenges and resolving them before they escalate.
- Enhancing Transparency: Documenting and periodically evaluating every step of execution.
Tools Used in Monitoring
- Weekly or monthly reports.
- Updated timelines.
- Digital project management tools.
Challenges in Performance Monitoring
- Delay in Reports: Delays in reports may lead to issues in decision-making.
- Lack of Expertise: Monitoring may require highly experienced staff.
- Additional Costs: Monitoring may consume additional financial and time resources.
Performance monitoring is not just an organizational procedure; it is an essential element to ensure project success and achieve maximum value from tenders.
- - Personalized Alerts
- - Alerts through WhatsApp and Email
- - Instant Search
- - Export to Excel
- - Excel Quantity Tables
- - Awarding and Proposals Data
- - Suppliers Data
- - Complete Data (including what was removed from Etimad)
- - Preparing Technical and Financial Proposals
Related Links
- ◾ Bidding in Government Projects
- ◾ Classification Certificates for Tenders
- ◾ Construction Tenders in Saudi Arabia
- ◾ Data Collection and Analysis in Tender Evaluations
- ◾ Are You Eligible to Enter a Tender?
- ◾ construction contract
- ◾ contract templates pdf
- ◾ Preparing Tender Approval Documents
- ◾ Etimad Subscription Fee
- ◾ Local Content Preference
- ◾ operations and maintenance contract
- ◾ Pre-registration in Etimad Tenders
- ◾ supply contract
- ◾ Organizing Unified Procurement via Endorsing Competitions
- ◾ Localization of Saudi Industries
- ◾ Excellence in Government Tender Offers
- ◾ Qualifying for Government Tenders
- ◾ Tender Application Guide
- ◾ What is the benefit of the Etimad Platform?
- ◾ Comprehensive Guide for Government Tenders
- ◾ Legal Compliance in Competition Accreditation
- ◾ Avoid These Mistakes
- ◾ Government Bidding System
- ◾ Etimad Platform for New Companies
- ◾ Pricing Services and Purchases
- ◾ Successful Bids
- ◾ Types of Tenders
- ◾ Regulations and Laws
- ◾ Tenders Guide
- ◾ Bid Evaluation
- ◾ Strategies for Winning Tenders
- ◾ Technical Standards for Tenders
- ◾ Preparing Technical Proposals
- ◾ Tenders and Investment
- ◾ Tender Strategies
- ◾ Electronic and Traditional Tendering
- ◾ tender browsing - Etimad
- ◾ Bid Evaluation in Tenders
- ◾ Modify Bid After Submission
- ◾ Pre-Qualification – Etimad
- ◾ Grievance Escalation – Etimad
- ◾ Tender Grievance – Etimad
- ◾ Finding Open Tenders
- ◾ Improving Winning Chances
- ◾ Bank Guarantees – Etimad Platform
- ◾ Participating in Government Tenders
- ◾ Purchase Tender Docs – Etimad
- ◾ Bid Extension – Etimad
- ◾ Direct Purchase Response – Etimad
- ◾ Post-Qualification - Etimad
- ◾ Tender Inquiries – Etimad Platform
- ◾ Bid Submission – Etimad Platform
- ◾ Financial Claims – Etimad Platform
- ◾ Tender Award Results – Etimad
- ◾ Criteria for Selecting the Winning Bid
- ◾ Obtaining Government Tenders
- ◾ Withdrawing from Direct Purchase Invitation - Etimad
- ◾ Bid Withdrawal – Etimad
- ◾ Objecting to Tender Results
- ◾ Common Mistakes
- ◾ Documents Required for Tenders
- ◾ Steps for Submitting an Offer in a Tender
- ◾ construction contract
- ◾ contract templates
- ◾ operations and maintenance
- ◾ supply contract
- ◾ What are Tenders?
- ◾ Etimad Platform for Government Entities
- ◾ Etimad Platform for Individuals
- ◾ Etimad Platform and Government Tenders
More
Estimated Cost and Its Importance in Project Management
Learn how to prepare an estimated cost and why it is considered an essential tool for evaluating financial bids and ensuring competitiveness in projects.
Execution Duration: Defining and Managing Project Timelines
Learn how to define and monitor execution duration in contracts and projects, including modification procedures and penalties associated with exceeding the duration.
What is the Final Guarantee and How to Use it Effectively
Learn about the importance of the final guarantee in contracts and projects, and how to determine its value to protect the interest of the announcing party.
Understanding Financial Accreditation and Its Importance in Project Management
Discover how financial accreditation contributes to successfully executing projects by allocating the necessary budget and resources for each phase of the project.
Financial Evaluation and Its Importance in Tender Processes
Discover the importance of financial evaluation in tenders, and how it ensures a balance between quality and cost to achieve the best financial value.
The Financial Evaluation Process in Tenders: Steps, Tools, and Analysis
Discover how to conduct financial evaluation in tenders and its importance in determining the best offers based on competitiveness and quality criteria.
The Importance and Role of the Financial Evaluation List in Tenders
Learn how to use the financial evaluation list to analyze and compare costs in tenders to ensure the best value for money.
Financial Guarantees in Tenders: Their Importance and Types
Learn about the financial guarantees used in tenders, their main types, how they are presented, as well as their benefits and challenges.