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Value for Money in Procurement Financed by Multilateral Development Banks: An Assessment Framework
This publication provides a comprehensive framework to assess Value for Money (VfM) in procurement for infrastructure projects financed by multilateral development banks to help ensure resources deliver the best outcomes for communities.
The result of collaboration among 15 multilateral development banks, the publication explains how to align VfM objectives with project design and integrate them throughout project cycles. It includes practical tools and ways to define VfM statements, select SMART indicators, manage risk, and evaluate outcomes. Offering practical tips, it shows how the “4Es”―economy, efficiency, effectiveness, and equity―can drive development impact.
The result of collaboration among 15 multilateral development banks, the publication explains how to align VfM objectives with project design and integrate them throughout project cycles. It includes practical tools and ways to define VfM statements, select SMART indicators, manage risk, and evaluate outcomes. Offering practical tips, it shows how the “4Es”―economy, efficiency, effectiveness, and equity―can drive development impact.
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