Value for money – goods and services procurement guide

Details

Category
Goods and services
Document type
Guide
Stage of procurement
2. Plan the purchase, 3. Prepare offer documents
Audience
For buyers
Author
Department of Government Services
Date published
12 Sept 2023

About

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.

Updated