1.2 The aims and objectives of this guidance are:
| 1. To assist Procuring Authorities, Agencies and Directorates in understanding the Value for Money assessment process for infrastructure projects which encompass an element of design, build, finance and maintain (DBFM) arrangements, including the hub initiative and its application to various stages in the development of a project. 2. To provide an approach for determining whether the proposed procurement approach will deliver best Value for Money. 3. To ensure consistency of approach in assessing Value for Money of capital programmes and projects. |