10 - 11 February, 2010, Bayview Eden, Melbourne, VIC
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VENUE CHANGE: Due to demand, this event has moved to: Bayview Eden, 6 Queens Road, Melbourne VIC 3000. Details here
The current climate for project investment and the enhanced scrutiny around eventual project outcomes has been cited heavily in recent IQPC led industry research. Discussion has centered on the shift in the current procurement landscape post the GFC. Clear outcomes of the discussion identified an increased tendency towards competitive pricing, the emergence of a higher volume of hybrid collaborative style projects and finally a closer scrutiny on Value For Money (VFM) outcomes.
Responding to your feedback and market conditions we have developed this unique 2-day course to assist your VFM needs. As part of our Alliance Contracting IQ series, we are thrilled to invite you to join us in February to participate in industry discussions, hear from those who can offer practical definitions and value assurance in collaborative contracting.
This unique 2-day conference will provide training around how to ensure your investment decisions are effective and are the ‘best fit for project’. Attendees will receive training around how to ensure your investment decisions are effective and are the ‘best fit for project’. This will enable you to secure the performance and financial outcomes you require in the delivery of projects and assets.
This is the only dedicated Value For Money course in Australia!
A defined and shared industry understanding on VFM has been a long-standing objective for those involved in collaborative contracting. Definitions offered to date by federal and state governments have included:
Value for Money is the core principle underpinning Australian government procurement Officials buying goods and services need to satisfy that the best possible outcome has been achieved taking into account all relevant costs and benefits over the whole of the procurement cycle. Commonwealth Procurement Guideline – The Australian Government, Department of Finance and Administration
Ensuring Value for Money is one of the three objectives of the state Purchasing Policy. Government purchasing must achieve the best return and performance for the money being spent. Price is not the sole indicator of value. Better Purchasing Guide- Value for Money – Queensland Government, Department of Public Works
Value for money denotes, broadly, a balanced benefit measure covering quality levels, performance standards, risk exposure, other policy or special interest measures (e.g. environmental impacts), as well as price [of inputs and outputs]. Generally, Value for Money is assessed on a “whole of life” or “total cost or ownership” basis, which includes the transitioning-in, contract period and transitioning-out phases of a contractual relationship. It is often used in the sense of the “long-term sustainability of Value for Money”, denoting that the state focuses on choices that ensure Value for Money outcomes are promoted and protected in successive anticipated contracts. Strategic Sourcing Policy – Victorian Government, Department of Treasury and Finance
Alliance Contracting Series of Events:
Informative, lots of learning, great networking – worth the investment!
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