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Value for Money

Securing Value for Money

'Value for Money' is a term used to assess whether or not an organisation has obtained the maximum benefit from the goods and services it acquires and provides within the resources available to it.

Value for Money' is high when costs are low, productivity; performance and satisfaction are high and outcomes successful.

The Council has agreed a Value for Money Framework and  has committed to undertaking a number of actions to improve value for money across the Council outlined in the Value for Money Action Plan.

These have been recently updated for 2012/2016 and were approved at Policy Committee 10 July 2012.

pdf icon VFM Framework 2012 2016 [421kb]pdf icon VFM Action Plan 2012 2016 26 4 12 [164kb]