Common use of Project Monitoring Reporting and Evaluation Clause in Contracts

Project Monitoring Reporting and Evaluation. 1. The PIE shall monitor and evaluate the progress of its Respective Part of the Project and prepare Project Reports for its Respective Part of the Project in accordance with the provisions of Section 5.08 (b) of the General Conditions and on the basis of indicators acceptable to the Bank. Each such Project Report shall cover the period of one calendar semester, and shall be furnished to the Borrower not later than four weeks after the end of the period covered by such report for incorporation and forwarding by the Borrower to the Bank of the overall Project Report. 2. The PIE shall prepare, under terms of reference satisfactory to the Bank, and furnish to the Bank no later than thirty-six (36) months after the Effective Date, or such later date as may be notified by the Bank, a consolidated mid-term review report for the Project, summarizing the results of the monitoring and evaluation activities carried out from the inception of its Respective Part of the Project, and setting out the measures recommended to ensure the efficient completion of the Project and to further its objective.