Introduction

Communities and Local Government is committed to 'promote efficiency and value for money across our delivery networks' and make sure that its programmes 'deliver the best possible value for money'.

Value for money can be defined as 'securing the best mix of quality and effectiveness for the least outlay over the period of use of the goods and the services bought, with the appropriate balance of risk between the contracting parties'.

The provision and use of the Housing PFI Financial Proformas (and also the Advisory Templates) is intended to help underpin the securing of these twin aims of improving efficiency and value for money of the Housing PFI programme and its projects.