Absolute value for money v relative value for money
Glossary of Capital Budgeting and Infrastructure Governance, published by the Organisation for Economic Co-operation and Development (OECD) in 2018, suggests that: ‘absolute value for money concerns the question whether the benefits of the project exceed the costs, while relative value for money concerns the question whether procurement through PPPs outperforms Traditional Infrastructure Procurement (TIP) in terms of value for money.’
[edit] Related articles on Designing Buildings
- Contract.
- Contractor.
- Procurement.
- Supplier.
- Tender process.
- Tender.
- Value for money.
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
New, more proportionate and targeted approach for higher-risk building assessments.
Government brings British Steel into public ownership.
UKCW Birmingham returns with bold new theme and focus.
New guidance published on competence requirements for self-certification schemes.
Construction Management, 8 July
NEETs crisis drives interest in trades, but apprenticeships barriers remain.
Passive fire protection webinar
MEP services penetration seals.
Where its at podcast (and video) - The role of the Architectural Technologist as an Expert Witness.
More than 200 remarkable buildings added to SAVE’s Buildings at Risk register.
Government scraps pre-application consultation for Nationally Significant Infrastructure Projects.
Historic England and infrastructure
New projects offer opportunities for the historic environment and local communities.
Construction Management, 2 July
Construction deaths halve in two years.
Green Book changes to drive investment in all parts of UK.