New Technical Note: VFM in the PPP Procurement Process

This Technical Note gives guidance on Value for Money and the Public Private Partnership procurement process. The achievement of a value for money outcome in the use of public funds is an overarching consideration in the procurement and delivery of each public investment project. Value for money is a consideration for the Sponsoring Agency throughout the procurement process and its achievement should be continuously to the forefront in all aspects of the project. In the procurement of a PPP project there are key stages at which value for money is formally tested. These guidelines outline how and when to carry out these formal tests.

This note can be accessed here.