Value for Money (VfM) from a public-sector perspective

This document is only available with a paid isurv subscription.

HM Treasury provides clear VfM guidelines on conducting evaluations of major capital projects. For transport projects, the Department for Transport (DfT) issued Transport business case guidance. It evaluates an evidence-based approach to infrastructure project development and comprises five components: Strategic case – examining whether the project fits the wider public policy objectives. Economic case – estimating whether...