Value for Money | Asian Development Bank

Value for money is the effective, efficient, and economic use of resources, which requires an evaluation of relevant costs and benefits along with an ... ADBiscommittedtoachievingaprosperous,inclusive,resilient,andsustainableAsiaandthePacific,whilesustainingitseffortstoeradicateextremepoverty. Establishedin1966,itisownedby68members—49fromtheregion. MasatsuguAsakawaADBPresident ABOUTADB Overview Members History AnnualReports PoliciesandStrategies Partners ORGANIZATION BoardofGovernors BoardofDirectors President Management DepartmentsandCountryOffices ACCOUNTABILITY AccesstoInformation AccountabilityMechanism ADBandCivilSociety AnticorruptionandIntegrity DevelopmentEffectiveness Safeguards   IndependentEvaluation AdministrativeTribunal OfficeofProfessionalConduct OfficeoftheOmbudsperson Strategy2030:OperationalPriorities ADBsupportsprojectsindevelopingmembercountriesthatcreateeconomicanddevelopmentimpact,deliveredthroughbothpublicandprivatesectoroperations,advisoryservices,andknowledgesupport. ABOUTADBPROJECTS Projects&Tenders ProjectResultsandCaseStudies PRODUCTSANDSERVICES PublicSector(Sovereign)Financing PrivateSector(Nonsovereign)Financing FinancingPartnerships FundsandResources KNOWLEDGE EconomicForecasts PublicationsandDocuments DataandStatistics AsiaPacificTaxHub DevelopmentAsia ADBBlogs ADBDataLibrary SECTORSANDTHEMES AgricultureandFoodSecurity ClimateChange DigitalTechnology Education Energy Environment FinanceSector FragilityandVulnerability Gender Governance Health Public-PrivatePartnerships(PPP) RegionalCooperation SocialDevelopment SustainableDevelopmentGoals Transport UrbanDevelopment Water LearnaboutADBactivitiesinmembercountriesandregionaloffices. Getinformationoncountryeconomicdataandanalysis,developmentassistance,andregionalinitiatives. CENTRALANDWESTASIA EASTASIA SOUTHASIA SOUTHEASTASIA THEPACIFIC Afghanistan Armenia Azerbaijan Georgia Kazakhstan|Русский KyrgyzRepublic Pakistan Tajikistan Turkmenistan Uzbekistan Mongolia People'sRepublicofChina|中文 Bangladesh Bhutan India Maldives Nepal SriLanka Cambodia Indonesia|BahasaIndonesia LaoPeople'sDemocraticRepublic Myanmar Philippines Thailand Timor-Leste VietNam|TiếngViệt ADBPacificOperations CookIslands FederatedStatesofMicronesia Fiji Kiribati MarshallIslands Nauru Niue Palau PapuaNewGuinea Samoa SolomonIslands Tonga Tuvalu Vanuatu Fulllistofcountrieswithoperations REGIONALOFFICES EuropeanRepresentativeOffice JapaneseRepresentativeOffice|日本語 NorthAmericaRepresentativeOffice LIAISONOFFICES PacificLiaisonandCoordinationOffice PacificSubregionalOffice SingaporeOffice SUBREGIONALPROGRAMS Brunei,Indonesia,Malaysia,PhilippinesEastASEANGrowthArea(BIMP-EAGA) CentralAsiaRegionalEconomicCooperation(CAREC)Program GreaterMekongSubregion(GMS)Program Indonesia,Malaysia,ThailandGrowthTriangle(IMT-GT) SouthAsiaSubregionalEconomicCooperation(SASEC) Withemployeesfrommorethan60countries,ADBisaplaceofrealdiversity. Workwithustofindfulfillmentinsharingyourknowledgeandskills,andbeapartofourvisioninachievingaprosperous,inclusive,resilient,andsustainableAsiaandthePacific. CAREERSANDSCHOLARSHIPS WhatWeLookFor CareerOpportunities YoungProfessionalsProgram   VisitingFellowProgram InternshipProgram ScholarshipProgram FORINVESTORS InvestorRelations|日本語 ADBGreenandBlueBonds ADBThemeBonds INFORMATIONONWORKINGWITHADBFOR... Consultants ContractorsandSuppliers Governments ExecutingandImplementingAgencies DevelopmentInstitutions PrivateSectorPartners CivilSociety/Non-governmentOrganizations PROCUREMENTANDOUTREACH OperationalProcurement InstitutionalProcurement BusinessOpportunitiesOutreach Projects&Tenders Youarehere: Home BusinessCenter Guides ValueforMoney BusinessGuide|December2021 Lao اردو TiếngViệt 中文 BahasaIndonesia  Download Valueformoneyistheeffective,efficient,andeconomicuseofresources,whichrequiresanevaluationofrelevantcostsandbenefitsalongwithanassessmentofrisks,nonpriceattributes,and/ortotalcostofownershipasappropriate. Thisguidancenotediscussestheprincipleofvalueformoney(VFM)anditsrelevance andapplicationtothedifferentphasesoftheADBprocurementcycle.Italso introduces“lifecyclecosting,”whichtakesintoaccountnotonlytheacquisitioncost, butalsoacombinationofpaidpriceplusthecostofoperatingandmaintainingthe goodsorservicesprocured.Theguidancenoteprovidesamatrixoftherelationshipof VFMwithotherADBcoreprocurementprinciplestogiveabetterunderstandingof howVFMworkswiththeotherprinciples. Video:HowdoValueforMoneyandQualityfitwithinADB'scoreProcurementPrinciples? Gotovideopage Contents Introduction StrategicProcurementPlanningandValueforMoney SpecificationsandValueforMoney EvaluationCriteriaandValueforMoney ContractManagementandValueforMoney Appendixes ISBN 978-92-9269-205-6(print)978-92-9269-206-3(electronic)978-92-9269-207-0(ebook)CitableURI http://dx.doi.org/10.22617/TIM210479-2 Related Quality ContractManagement AbnormallyLowBids