VfM audit and the UK public sector: A critical review of the VfM reports

Benamraoui, Abdelhafid; Chatzivgeri, Eleni; Jory, Surendranath Rakesh; Ajay, Ranjitha

doi:10.1111/faam.12338

Cited by 1 publication

(2 citation statements)

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“…Regarding the concept of value for money in procurement, Benamraoui et al, (2022) found that the reports published by the National Audit Office and two main public bodies in the United Kingdom, do not clearly show how economy, efficiency, and effectiveness (3Es) associated with the value for money assessment are attained. There are also limited suggestions on the public bodies' service output or social outcomes and how performance targets are fulfilled.…”

Section: International Studiesmentioning

confidence: 99%

“…Efficiency is the relationship between the output from goods or services and the resources used to produce them and therefore, spending well. Finally, Effectiveness is the relationship between the intended and actual results of public spending to spend wisely (Benamraoui et al, 2022). The concept encapsulates the optimal combination of economy (cost of inputs), efficiency (ratio of output to inputs) and effectiveness (value of outcomes from outputs).…”

Section: Value For Money (Vfm)mentioning

confidence: 99%

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An Overview of Procurement Practice in the Ministry of Defence (MINDEF), Malaysia

Muda,

Sulong,

Ariffin

et al. 2023

JOSTIP

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This paper aims to describe the general overview of procurement practices at the Ministry of Defence, Malaysia. Although the Ministry’s procurement practices must align with the general public procurement guidelines, rules and regulations set up by the Ministry of Finance, defence procurement deals with highly diversified asset acquisitions which can be extremely complex and sensitive in nature, process, and regulations. As such, it is crucial to examine the current defence procurement practices in Malaysia from the perspective of two policy documents namely the National Defence Policy and the Defence White Paper. Brief discussions on the types of procurement and agencies involved in the procurement process are also presented. Previous studies related to defence procurement both from Western literature and local studies are also offered along with a brief view on the notion of value for money.

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Section: International Studiesmentioning

confidence: 99%

Section: Value For Money (Vfm)mentioning

confidence: 99%