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

  • 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.

  • 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 Business Case will be based on WebTag, with a proportionate approach to the appraisal and assessment of schemes to reflect the scale and nature of individual schemes • The Value for Money Assessment will incorporate the full range of impacts; in particular transport and wider economic benefits.


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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