Value for Money Audit (VFM)
We provide Public and Private organizations with value for money (VFM) assessment services focused on high value public and private sector capital contracts.
Quartsons’ VFM assessment services involve evaluating the Effectiveness, Efficiency and Economy of large public procurement contracts (e.g. Hydro Power Projects, roads, schools) with respect to price competitiveness, appropriateness of contractual terms and the suitability of the proposed Supplier or Contractor to execute the contract. Quartsons support in negotiations between the contracting parties based on the outcome of the assessment.
In addition to conducting VFM valuations, Quartsons can deliver regular VFM workshops to staff in government ministries, departments and agencies (MDAs) who are directly involved in planning for and procuring capital infrastructure projects..