Value for money
What is Value for Money?
The elements of VfM are often referred to as the three Es:
Economy is the price paid for what goes into providing a service.
Efficiency is a measure of productivity – what you get out in relation to what is put in.
Effectiveness is a measure of the impact achieved and can be quantitative or qualitative.
VfM is high when there is an optimum balance between all three – relatively low costs, high productivity and successful outcomes.
View our value for money details on the Grand Union Housing Group website of which Aragon Housing Association is a subsidiary.