| The Government's aims to meet its infrastructure and public service needs in the most effective and efficient way possible. The value for money appraisal process is therefore key to decision making. Once an investment decision is taken, procuring authorities must assess what is the most appropriate delivery model and how the procurement process can best be designed and managed.This chapter: • provides a framework that builds on the progress made in assessing value for money in Private Finance Initiative (PFI) projects; • identifies the core value for money drivers and key principles that apply to the management of complex procurement; and • establishes parameters to assist public sector project sponsors in determining the most appropriate procurement approach. Departments should follow these principles when choosing appropriate delivery models and preparing business cases. |