NAO audit framework

Contract lifecycle

6. Is the contract delivering value for money and will it continue to demonstrate VFM through its lifecycle?

6.1  Does the contract continue to support the strategic intent?

6.2  Are VFM mechanisms used to ensure the contract continues to deliver VFM over its life?

6.3  Is change controlled and well managed and does the contract remain current?

Examples of relevant guidance

NAO good practice contract management framework

8.1  The contract is regularly reviewed (with a view to updating where necessary) to ensure it meets evolving business needs.

8.2  Processes are in place that clearly lay out the governance of contractual change - who needs to approve what and how it will happen - with a focus on effective and prompt change implementation.

Government Commercial Function - Government Commercial Operating Standards Iteration ii

6.2  Contracts will outline agreement on the costs of potential future options.

6.5  Transition arrangements.