DfT value for money framework
Framework for completing value for money assessments and communicating value these assessments to decision makers.
Documents
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.
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.
Updates to this page
Last updated 30 July 2021 + show all updates
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Updated with latest version of 'Value for money: supplementary guidance on landscape'.
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First published.