Guidance

DfT value for money framework

Framework for completing value for money assessments and communicating value these assessments to decision makers.

• From: Department for Transport
• Published: 20 July 2017
• Last updated: 28 November 2024 — See all updates

Documents

Value for money framework

PDF, 402 KB, 37 pages

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Value for money: supplementary guidance on landscape

PDF, 273 KB, 13 pages

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Value for money: supplementary guidance on categories

PDF, 280 KB, 14 pages

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Details

The framework sets out:

• an approach to monetising the impact an infrastructure scheme has on landscape
• methods to determine the value for money categories

The framework is to be used with:

• transport analysis guidance which recommends how costs and impacts should be assessed in an appraisal
• the ‘Transport business case’ guide on how the department assesses the overall business case for major investments
• ‘The Green Book’ for economic appraisal and evaluation of proposals
• the ‘Managing public money’ guidance on how to consider value for money before committing funds

The previous version of the framework was released in 2017, with an update to the value for money: supplementary guidance on landscape published in July 2021.

TAG provides information on the role of transport modelling and appraisal, and how the transport appraisal process supports the development of investment decisions to support a business case.

Published 20 July 2017
Last updated 28 November 2024 + show all updates

1. 28 November 2024

   'Value for money framework', 'Value for money: supplementary guidance on landscape' and 'Value for money: supplementary guidance on categories' updated.

2. 30 July 2021

   Updated with latest version of 'Value for money: supplementary guidance on landscape'.

3. 20 July 2017

   First published.