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Value for money – goods and services procurement guide

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.

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

September 2023

Reviewed 13 September 2023

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