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Romanian Government has regulated by emergency ordinance the cost cutting through “Value for Money” analysis

18 December 2017, Source : CursdeGuvernare.ro, http://cursdeguvernare.ro, By : Adrian N Ionescu

The Government has established the new regulations on the public-private partnership (PPP) by an emergency ordinance issued Thursday and introduced the Value for Money concept, the implementation of which should optimize the contribution and costs of the contracting public authority.

The Value for Money (VfM) is a cost-benefit type of analysis and in the same time “a good practice in the initial preparation of a project, whether it is run through traditional procurements or PPPs,” according to a guideline of the European Investment Bank (EIB).

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