Value for Money Policy
Durham University - Value for Money Policy
Value for Money (VfM) means obtaining the maximum benefit from goods and services acquired and provided, within available resources. It is a more complex concept than simply lower prices or lower inputs, important as these are. It also takes account of factors such as quality, resource use and fitness for purpose which are of value in terms of the achievement of the University's strategic objectives.
The University published its approved value for money policy that can be found using the resource link below.
- Value for Money Policy (last modified: 15 February 2007)