DfT value for money framework published

The Department for Transport value for money framework sets out:

• an approach to monetising the impact an infrastructure scheme has on landscape
• methods to determine the value for money categories

The framework is to be used with:

• transport analysis guidance which recommends how costs and impacts should be assessed in an appraisal
• the ‘Transport business case’ guide on how the department assesses the overall business case for major investments
• ‘The Green Book’ for economic appraisal and evaluation of proposals
• the ‘Managing public money’ guidance on how to consider value for money before committing funds

The previous version of the framework was released in 2017.

TAG provides information on the role of transport modelling and appraisal, and how the transport appraisal process supports the development of investment decisions to support a business case.

Value for money framework

PDF, 761KB, 37 pages

Value for money: supplementary guidance on landscape

PDF, 267KB, 14 pages

Value for money: supplementary guidance on categories

PDF, 372KB, 14 pages