August 19, 2023 0 Comments

In government-funded infrastructure projects, precision in cost estimation and value-for-money assessment is paramount, mainly when projects are in their nascent, early design stages. At this critical juncture, when project details are often scant,

August 3, 2023 1 Comment

The Green Book is a set of guidelines issued by HM Treasury on how to appraise policies, programmes, and projects. Government departments and agencies use it to assess the costs and benefits of

May 4, 2023 0 Comments

If you're involved in developing a business case for a transport infrastructure project, it's essential to ensure that it's financially viable and provides value for money. The Green Book 2022 and DfT Value

May 2, 2023 0 Comments

The Five Case Model is a widely used framework for evaluating projects and investments. In this guide, we'll explore the economic dimension of the model, which focuses on the financial aspects of a

May 2, 2023 0 Comments

HM Treasury's The Green Book provides instructions on how to evaluate policies, programmes, and projects. Additionally, it offers advice on the planning and correct employment of monitoring and evaluation before, throughout, and after

April 30, 2023 0 Comments

Appraising transport business cases solely from the Value for Money (VFM) framework, without considering social value criteria, can lead to several disadvantages for rural areas. Some of these disadvantages are:Neglecting the social impact:

April 30, 2023 0 Comments

The 4Es model is a framework that can be used to evaluate public sector projects' Value for Money (VFM). The 4Es stand for Economy, Efficiency, Effectiveness, and Equity. Each of these elements can

October 3, 2022 0 Comments

What is a Should Cost Model? Introduction to Should Cost Models An SCM forecasts what a service, project, or program should cost over its lifetime. As summarised below, SCMs may vary in design

October 2, 2022 0 Comments

Introduction The Cabinet Office published a Green Paper titled Transforming Public Procurement in 2020 to outline its plans for the future of public Procurement Bill. The proposals' overarching objectives are to streamline and