National Audit Office > Successful Commissioning Toolkit > General Principles > Value for money

Value for money

Good value for money is the optimal use of resources to achieve the intended outcomes. ‘Optimal’ means ‘the most desirable possible given expressed or implied restrictions or constraints’. Value for money is not about achieving the lowest initial price. [Note]


Note: Regularity, Propriety & Value For Money, HM Treasury (2004)

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