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.

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