More specifically: It issues invitations for the submission of proposals from organizations that are entitled to implement projects within the framework of OPIS  (potential Ultimate Beneficiaries).It evaluates the proposals submitted by Ultimate Beneficiaries within the framework of an invitation, based on pre-defined evaluation criteria. In accordance with the results of the above evaluation, it proposes the approval/ dismissal of the proposals and accordingly issues the relative Approval / Dismissal Decisions. It supervises the implementation course of projects approved for funding (integrated projects). Monitoring relates to the project implementation time schedule, the final product/ service implemented within the framework of the project (natural object) and the financial data of the project (financial object). 

Monitoring is conducted by means of:

• The Quarterly Monitoring Reports submitted per calendar quarter by the Ultimate Beneficiaries.
• The Monthly Reports for the Declaration of Expenses with which the Ultimate Beneficiaries declare each calendar month the expenses made during the implementation of projects. 
• On site inspections at the facilities of Ultimate Beneficiary in order to ascertain the implementation progress of the natural object and compliance with the progress of the financial object (i.e. the extent to which the progress of the works justifies the expenses made).
• It monitors Ultimate Beneficiaries with regard to observance of the obligations undertaken for the implementation of projects, such as those arising from the related National and Community law. Particular attention is paid to:
• • The observance of National and Community law on procurements (for this purpose an audit of tender notices is carried out before their publication and of contracts before they are signed – preventive audit).
  • The correct depiction of project expenses in the accounting books (especially for those Ultimate Beneficiaries who do not apply a double entry system) so certification of expenses is possible by the national and Community Audit Agencies of the 3rd CSF.
  • In the publicity rules that the Community law defines Ultimate Beneficiaries must inform the public in various ways on the projects they implement within the 3rd CSF’s framework.
    
• Depending on the information gathered from the project monitoring, it proposes measures and actions for the support of Ultimate Beneficiaries so as they can fulfill their obligations.
• It monitors the progress and implementation course of OPIS (at the level of Axes and Measures) and processes improvement proposals.
• It cares for the provision of project progress data to the Public Services responsible for the finance of projects.