Value for Money Assessment definition

Value for Money Assessment means an assessment provided to the Director as part of a Bid to demonstrate the achievement of maximum effectiveness through efficient use of resources and at minimum cost.
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Value for Money Assessment means the quantitative and qualitative assessment of the costs and benefits associated with a project. Value for Money Assessment is used to establish whether implementing a project in the Public Private Partnership (PPP) mode is an economically optimal proposition for the Government or the public agency and it takes into account direct and indirect project execution costs, financing costs, transaction costs, cost of asset transfer on project completion, project monitoring costs and a cost estimation of the possible risks thereof;
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Value for Money Assessment. (VFM) means the quantitative and qualitative assessment of the costs and benefits associated with a project undertaken in accordance with regulation 11. VFM is used to establish whether implementing a project in the Public-Private Partnership mode is an economically optimal proposition for the Government or the public agency. VFM takes into account direct and indirect project execution costs, financing costs, transaction
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Examples of Value for Money Assessment in a sentence

  • Where a Statement of Intent and or Value for Money Assessment identifies that Network Operations Equipment may be affected, a copy of the Statement of Intent and or Value for Money Assessment shall be issued simultaneously to the appropriate Network Operations Service Provider and the Director.

  • The Operating Company shall prepare a Statement of Intent and Value for Money Assessment for all potential Schemes, interventions and alterations to maintenance Operations as identified in the Landscape Development Plan, following discussions with the Director.

  • Value for Money Assessment for Public-Private Partnerships: A Primer.

  • It should be stressed that at this stage, tie has not carried out a Value for Money Assessment of the alternative funding options.

  • See Infrastructure Ontario, Value for Money Assessment: Durham Consolidated Courthouse, online: Infrastructure Ontario <http://www.infrastructureontario.ca/What-We-Do/Projects/Project-Profiles/Durham- Region-Courthouse/> at 11-12, 14-15.

  • For example:- In relation to Value for Money, for non-transport related projects it is recognised that a detailed Value for Money Assessment may not be available for all projects at this stage.

  • Leasing of Medical Equipment Project in Kenya: Value for Money Assessment.

  • The Value for Money Assessment and Project Report is a concise and informative project summary of the procurement process for the general public showing how value for money is achieved.

  • The DfT Advice Note on Value for Money Assessment for Local Transport Decision Makers (December 2013) suggests a flexible approach to economic appraisal to ensure time and resources spent on the development of a business case are proportionate to the size of the investment.

  • The environmental impact of a good or service is also a major consideration in the Value for Money Assessment.


More Definitions of Value for Money Assessment

Value for Money Assessment means the value for money assessment undertaken in accordance with Rule 19:;
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Related to Value for Money Assessment

  • conformity assessment means the process demonstrating whether the requirements of this Regulation relating to a device have been fulfilled;

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Risk assessment means a programme to determine any risk associated with any hazard at a construction site , in order to identify the steps needed to be taken to remove, reduce or control such hazard;

  • Needs assessment means a study or statistical analysis that examines the need for ground ambulance service within a service area or proposed service area that takes into account the current or proposed service area’s medical, fire, and police services.

  • Valuation means an estimate of the value of real estate or real property.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Valuation Report means the valuation report or reports for mortgage purposes, in the form of the pro-forma contained in the Standard Documentation, obtained by the Seller from a Valuer in respect of each Mortgaged Property or a valuation report in respect of a valuation made using a methodology which would be acceptable to a reasonable prudent mortgage lender;

  • Assessment means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgement assessment;

  • Assessment roll means a permanent record of the assessment of property as

  • Community Association Dues, Fees, and Assessments means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.

  • Examination Criteria means the loan classification criteria employed by, or any applicable regulations of, the Assuming Institution’s Chartering Authority at the time such action is taken, as such criteria may be amended from time to time.

  • Preliminary assessment means the first phase in the process of identifying areas of concern and determining whether contaminants are or were present at a site or have migrated or are migrating from a site, and shall include the initial search for and evaluation of, existing site specific operational and environmental information, both current and historic, to determine if further investigation concerning the documented, alleged, suspected or latent discharge of any contaminant is required. The evaluation of historic information shall be conducted from 1932 to the present, except that the department may require the search for and evaluation of additional information relating to ownership and use of the site prior to 1932 if such information is available through diligent inquiry of the public records.

  • Assessment of Compliance As defined in Section 3.21.

  • Captured assessed value means the amount in any 1 year by which the current assessed value of the development area, including the assessed value of property for which specific local taxes are paid in lieu of property taxes as determined in subdivision (w), exceeds the initial assessed value. The state tax commission shall prescribe the method for calculating captured assessed value.