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Value for Money

Duration: 2 days

Location: This two day course can be run either online or face to face. There is no strict limit on attendees, but we recommend no more than 10.

Why attend? 

Understand how to improve Value for Money (VFM) in your procurement processes and avoid common pitfalls that impact upon overall VFM. On this course you will develop the skills to:  

  • Choose the most suitable MEAT method for your procurement
  • Understand what is required in advance of publishing if using RVfM/Willingness To Pay
  • Use the AWARD® software to model bid scenarios against the various Meat Methodologies, to determine their effectiveness.

Course overview

The AWARD® VFM course draws from contemporary practice from multiple sectors and is underpinned by technical analysis. By the end of the course, delegates will have an in-depth understanding of the options available when designing a tender evaluation that focuses on the achievement of a Value for Money outcome.

Who should attend? 

Procurement professionals responsible for designing an evaluation that is focused on selection of the best VfM tender.

Key topics

  • VFM Context: Legislation, Policy, Perspective and the news
  • How Value for Money is typically evaluated
  • Understanding of Meat Methods
  • Overview of the AWARD® software

Contact

For more information about our courses or to book a please contact us or see our Expert Training and Services datasheet for more training options.

Bespoke Training for the UK MOD

Working for the UK MOD? We run a range of bespoke training options for you, which includes a version of this course. Find out more here