This Smart Guide aims to help DFID staff and external partners to better understand what we mean by Value for Money (VfM) and how to maximise it across our work.
The Smart Guide:
sets out what DFID means by VfM in the different areas of our work
describes some key principles for understanding VfM in any context
outlines some common VfM misconceptions
discusses how to develop suitable VfM metrics
outlines some recommended VfM actions for partners