Best Value Performance Indicator financial definition of Best Value Performance Indicator
best value (redirected from Best Value Performance Indicator)
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best value the duty of local authorities to provide services with regard to economy, efficiency and effectiveness. Local authorities are required to seek continuous improvement in these services. In awarding contracts for services, local authorities are required to consult with users. The performance of these services is to be regularly compared with service provision by other local authorities (BENCHMARKING). See COMPETITIVE TENDERING.
References in periodicals archive
THE RECENT INCLUSION of e-planning within the quality of service in planning Best Value performance indicators
(BVPIs) for 2004/05 (1) marks e-planning's transition from a useful tool to an operational prerequisite.
The performance plan indicates mixed progress in meeting Government best value performance indicators
An analysis of the Best Value performance indicators
shows Sunderland manages to recycle only 5.