This document is available as part of the Construction Information Service. The Construction Information Service brings together a comprehensive collection of essential technical documents from a wide range of publishers in one online package. Covering all aspects of building, engineering, design and construction, it provides its users with a single source for all their technical information needs. Contact us today to find out how to become a subscriber to this indispensable service.

Value for money assessment guidance

HM Treasury, 2006
Value for money assessment guidance

Document Status



Construction Management Supplement


Introduces a 3-stage assessment process for PFI procurement.


Replaces Value for money (VfM) assessment guidance (HMT, 2004), which in turn replaced Treasury Taskforce Technical Note 5 How to construct a Public Sector Comparator (HMTT, 1996).


Publisher History

The HM Treasury is the UK's economics and finance ministry, responsible for formulating and implementing the Government's financial and economic policy. Its aim is to raise the rate of sustainable growth, and achieve rising prosperity and a better quality of life with economic and employment opportunities for all.



NBS has produced specification systems and information products for construction industry professionals for more than 40 years. The National Building Specification is the recognised UK national standard and is used by over 5,000 organisations. NBS is part of RIBA Enterprises Ltd.


IHS is a leading global source of critical information and insight for customers in a broad range of industries. Our customer product and service solutions span four major areas of information: energy, product lifecycle management, environmental and security. By focusing on our customers first, we deliver data and expertise that enable innovative and successful decision-making. Customers range from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS has been in business since 1959 and employs more than 3,500 people in 35 locations around the world.

Request a quote

The Construction Information Service (CIS) gives subscribers 'the information advantage' in today's competitive market.

To request a quote, complete the form below, selecting your supplements of interest.

  • Core
  • Building
  • Construction Management
  • Mechanical and Electrical
  • Planning and Development
  • Civil and Structural

First name:
Email address: