(a)  Required outcome

The provision of value for money to the Participants, and the wider community, over the term of this Agreement in relation to the development of New Projects.

(b)  Scope

Achieve value for money in the delivery of each New Project through the following:

(i)  effective options appraisal from the outset of each New Project to ensure the best available value for money outcome is selected and delivered in every case;

(ii)  provision and presentation of accurate, validated, transparent and detailed information in relation to the costs and other aspects of assessment of value for money of New Projects; and

(iii)  the development and use of effective methods of determining the value and the price of each New Project from the outset.