Qualifying in fourth place, Ferrari driver Sebastian Vettel admitted that they could have been much faster during the qualifiers in Monte Carlo.
The four-time World champion lamented his opportunity to claim pole after seeing the Mercedes duo Lewis Hamilton and Nico Rosberg struggle to keep up with the pace of Red Bull driver Daniel Ricciardo, who will start at the front of the grid tomorrow.
Vettel also added that although it was not the best Saturday for them he is glad that they improved from Thursday's woeful practice sessions.
"We started well, the confidence was there and [then] I think we struggled to extract the grip that was there," said the German.
"Unlike everyone else we didn't get any quicker.
"I think we should have, could have done a better job. It is what it is, so we have to focus on tomorrow.
"I don't think we are as far behind as it looks, I think we had a crack at pole today but not if we don't extract the best out of ourselves. The car is quick, no doubt, and we started well this morning [when he topped FP3] – Thursday we were on the wrong foot.
"Nothing special that the people in front have done that we could not have done – but we didn't do it, so there is the problem."
Elsewhere, Vettel's teammate Kimi Raikkonen will start the Monaco Grand Prix in 11th place, despite placing 6th during qualifiers.
The Finn suffered a five-place grid penalty for changing his gear box between FP3 and qualifying.
"The whole weekend has been tricky, a bit too much on the edge of the tyre working window," Raikkonen claimed.
"If you slip the rears in one place you don't expect, or you understeer – a bit tricky."