Upgrading Public Infrastructure: Ensuring Value for Money
According to the Open Contracting Partnership, governments spend US $13 trillion per annum on public procurement. With high-value contracts, especially those relating to major infrastructure investments, appointing the most competitive contractor can yield significant savings, which can be reinvested in areas such as health and education.
Crown Agents’ Value-for-Money auditing services offer an independent, third-party value for money assessment of proposals for large-scale public infrastructure and other capital projects. These assessments are seen as critical to ensuring that these investments represent value to taxpayers. Our services include:
Reviewing preliminary contracts
Conduct mid-contract audits
Assess general procurement procedures
Develop value-for-money criteria that provide guidelines for future contracts and parallel bid-evaluations
We also provide technical assistance on public procurement reforms, enabling governments to implement processes that secure better value for the taxpayer.