Value for Money assessment Sample Clauses

Value for Money assessment. Value for Money (VfM) assessment is a valid like-for-like comparison, consisting of, for example: • Comparison within an intervention between different approaches to delivering a common set of outcomes (cost effectiveness analysis). For example, this would compare the costs of approaches adopted by different schools to the impacts these have on KS1 outcomes. The best VfM would be represented by the approaches delivering the greatest impact for the least cost. • Comparison between interventions intended to deliver a common set of outcomes (cost effectiveness analysis). This would rely on comparable evaluation findings being available in the literature, including similar measures of both costs and impact. • Comparison within an intervention between monetised inputs and outcomes (cost- benefit analysis). Such analysis relies on a suitable approach to monetising outcomes, and leads to a cost-benefit ratio (BCR) describing “£s out for each £ in”. The Contractor’s analysis of VfM shall draw on all three approaches to varying degrees. Through questions included in the survey of schools, the Contractor shall explore the relative cost and time implications of different approaches adopted by schools, and the numbers of pupils engaged in additional support. In combination with NPD analysis of relative impact, this shall enable cost effectiveness comparisons to be made. By relating inputs (costs/time), activities undertaken, and outputs (numbers of pupils supported) it shall also be possible to consider economy and efficiency. The Contractor shall undertake cost effectiveness comparisons with other suitable interventions. The Contractor shall also undertake cost-benefit analysis of the check, combining evidence from existing literature on the links between KS1 and longer-term outcomes and estimates of overall impact from the NPD analysis. Further details of this analysis will be confirmed with the Department’s Project Manager as the evaluation progresses. This will be subject to the same limitations of attribution described above for the NPD analysis itself. For the second interim report, the Contractor shall undertake an interim VfM assessment based on the first two years of survey and NPD analysis. This shall provide early findings and an opportunity for comment and refinement of the approach going into Year 3 and the final report to be based on all three years of survey and NPD data.
Sample 1
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Related to Value for Money assessment

  • Conformity Assessment 1. The Parties recognize that a broad range of mechanisms exists to facilitate the acceptance of conformity assessment procedures and results thereby, including:

  • PROPERTY ASSESSMENT The Buyer and Seller hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Buyer and Seller agree that no claim will be made against the Buyer or Seller, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except any property taxes that accrued prior to the completion of this transaction.

  • Diagnostic Assessment 6.3.1 Boards shall provide a list of pre-approved assessment tools consistent with their Board improvement plan for student achievement and which is compliant with Ministry of Education PPM (PPM 155: Diagnostic Assessment in Support of Student Learning, date of issue January 7, 2013).

  • Criteria for Performance Assessment A. A teacher’s performance shall be assessed based on the criteria set forth in the evaluation instrument, Appendix D.

  • Security Assessment If Accenture reasonably determines, or in good faith believes, that Supplier’s security practices or procedures do not meet Supplier’s obligations under the Agreement, then Accenture will notify Supplier of the deficiencies. Supplier will without unreasonable delay: (i) correct such deficiencies at its own expense; (ii) permit Accenture, or its duly authorized representatives, to assess Supplier’s security-related activities that are relevant to the Agreement; and (iii) timely complete a security questionnaire from Accenture on a periodic basis upon Accenture’s request. Security issues identified by Accenture will be assigned risk ratings and an agreed-to timeframe to remediate. Supplier will remediate all the security issues identified within the agreed to timeframes. Upon Supplier’s failure to remediate any high or medium rated security issues within the stated timeframes, Accenture may terminate the Agreement in accordance with Section 8 above.

  • Performance Assessment 6.1 The Performance Plan (Annexure A) to this Agreement sets out key performance indicators and competencies that needs to be evaluated in terms of –

  • Security Assessments Upon advance written notice by the JBE, Contractor agrees that the JBE shall have reasonable access to Contractor’s operational documentation, records, logs, and databases that relate to data security and the Contractor’s Information Security Program. Upon the JBE’s request, Contractor shall, at its expense, perform, or cause to have performed an assessment of Contractor’s compliance with its privacy and data security obligations. Contractor shall provide to the JBE the results, including any findings and recommendations made by Contractor’s assessors, of such assessment, and, at its expense, take any corrective actions.

  • Conformity Assessment Procedures 1. Each Party shall give positive consideration to accepting the results of conformity assessment procedures of other Parties, even where those procedures differ from its own, provided it is satisfied that those procedures offer an assurance of conformity with applicable technical regulations or standards equivalent to its own procedures.

  • Self-Assessment (a) Subject to clause 4.4(b), for Services that are Self-Assessable:

  • Performance or Compliance Audits The Department may conduct or have conducted performance and/or compliance audits of the Contractor and subcontractors as determined by the Department. The Department may conduct an audit and review all the Contractor’s and subcontractors’ data and records that directly relate to the Contract. To the extent necessary to verify the Contractor’s fees and claims for payment under the Contract, the Contractor’s agreements or contracts with subcontractors, partners, or agents of the Contractor, pertaining to the Contract, may be inspected by the Department upon fifteen (15) calendar days’ notice, during normal working hours and in accordance with the Contractor’s facility access procedures where facility access is required. Release statements from its subcontractors, partners, or agents are not required for the Department or its designee to conduct compliance and performance audits on any of the Contractor’s contracts relating to this Contract. The Inspector General, in accordance with section 5.6, the State of Florida’s Chief Financial Officer, the Office of the Auditor General also have authority to perform audits and inspections.

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