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Value for Money

'Value for Money' is a term used here 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.

pdf icon VFM Framework [425kb]pdf icon VFM Action Plan 2014 2015 [98kb]

The Council's arrangements for securing value for money are assessed as part of the annual audit undertaken by the Council's external auditors.   The Value for Money Conclusion is reported as part of the Annual Audit Letter