This information can only be provided once the contract is signed for the project. Value for Money (VFM) may have been measured for the project. Alternately the perceived VFM may be able to be described for the project.
Recommended sources: The project finalisation review, evaluation reports, budget documents, departmental briefings prior to contract execution, project summaries, audit reports, Gateway Reviews or other reviews.
Timing of data input: Contract signing (financial close for PPP projects).
Issues: VFM must be identified for PPP projects. Value for money is identified in comparison with the Public Sector Comparator. Should be identified as a $ figure and a percentage. Should also be supplemented with a description of other elements of the offer that represent value for money (eg items provided in addition to the scope requested and at no additional cost such as rail station upgrades associated with EastLink).
Issues: For Traditional projects the perceived VFM should be noted. Perception is always going to be subjective but should be rated in light of the general views of the project not just one specific project officer.