value for money


Also found in: Acronyms.

value for money

the extent to which a government, business person or consumer gets a good deal from the money which they spend on goods or services.
References in periodicals archive ?
'And the new government's position is that it should be value for money so that it can generate the maximum possible returns for taxpayers' funds, as well as maximum multiplier on the economy,' he said.
It is significant to note that the term value for money is also defined in KPPPR, however, the rule regarding the principle of procurement appears to be missing.
The Financial Conduct Authority (FCA) announced on 5 April 2018 that investment managers will have to publish information annually on the value for money of each of their funds, starting in 2019.
As a result, Dr Bawumia said it was imperative that the government, in its desire to seeking suitable investment opportunities to meet the infrastructure gap, took steps to ensure cost efficient programme designs and delivery to ensure value for money.
How is that value for money? As for Transport Minister Humza Yousaf saying that an initiative to give passengers a free week's travel equal to the cost of a rail fare freeze, that was a softener to passengers who endured a service unfit for purpose last winter.
But today, we'll be looking at a subject equally vital: Best Value For Money.
Sources suggest officials will claim electrifying the track will offer "medium" value for money with PS1.20 benefit for every PS1 invested.
Commuters are only 34 per cent satisfied with value for money, a figure that has also increased by only seven percentage points in 10 years.
There are quirks in the maths as ever: Were Marvin Emnes and Jeremie Aliadiere really better value for money than Mark Viduka and Yakubu?