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.
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2Sample 3
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
Sample 1

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.

  • On the basis of the Gate 2 Assurance Review, recommendations are made by the Independent Technical Evaluator to the Accountability Board on the Value for Money Assessment and the certainty of that assessment’s accuracy.

  • Based on the Assurance Review, recommendations are made by the Independent Technical Evaluator to the Accountability Board on the Value for Money Assessment and the certainty of that assessment’s accuracy.

  • The Independent Technical Advisors will provide independent review of the Value for Money Assessment and Statement prior to sign off by the Accountable Body Section 151 Officer.

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

  • Authorize the Deputy Chief Executive, subject to a successful Value for Money Assessment and the Project being affordable to the City Council, to submit the Stage 1 Offer for the Kirkstall Joint Service Centre to the Leeds Lift Strategic Partnering Board for Stage 1 Approval under the LIFT process.

  • It is very clear that the volume of water being exchanged between the GoM and the PB during the SWM is significantly higher than that during the NEM and the SIM.

  • HM Treasury, Government of the United Kingdom, Value for Money Assessment Guidance, November 2006.

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


More Definitions of Value for Money Assessment

Value for Money Assessment means the value for money assessment undertaken in accordance with Rule 19:;
Sample 1

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;

  • Family assessment means a comprehensive assessment of child

  • 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;

  • Sales assessment ratio studies means sales assessment ratio studies

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

  • 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.