Appendix B: Value for Money Report Template

Note to Owners completing the VfM Report:

The purpose of the VfM Report is to:

• report back to the government on the outcome/s from its decision to invest in the Business Case (i.e. the Investment Decision and the Project Management Decision)

• ensure that the Owner's project expectations (as expressed in the VfM Statement) are adequately reported upon

• to ensure that the alliance process is subject to continuous improvement.

This template is provided to assist the Owner with the drafting process. It can be expected that the Owner will make modifications and additions to this template to cater for the individual characteristics of alliance projects.

Sign off

<place before Executive Summary>

Name

Signature

Date

Report Author

Senior Executive (Agency)23

<Others as required>

Independent Verifier

This report has been prepared in accordance with Guidance Note No.4. The report summarises the Value-for-Money achieved on the above Project.

Enquiries regarding the report are to be directed to:

<INSERT>

<Note: You should reference key supporting documentation in the body of the report. If not appended to the VfM report, it should be readily available from the report contact.>




______________________________________________________________________________

23 This is a senior executive from the Agency (independent from the alliance) that the Owner has appointed to manage the preparation of the Report on its behalf.

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