Best Value Performance Indicator financial definition of 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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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 report pointed out that all forces have to measure 38 different "best value performance indicators
" set by the Audit Commission.
Although targets set by the Home Office have been reduced in recent years, the report pointed out that all forces have to measure 38 different "best value performance indicators
" set down by the Audit Commission.