Value for money: Goods and services guide

This guide describes how to understand, apply and measure value for money in goods and services procurement.

Value for money in government procurement is the optimal combination of financial and non-financial factors through the lifecycle of the goods and services procured.

This includes fitness for purpose, supplier capability, broader government objectives, total cost of ownership, timeliness, and risk.

The following tool supports this guide:

Value for money evaluation toolkit: Simple procurement