VfM definition
VfM means “value for money” as defined in the Commonwealth Procurement Rules available online at:
VfM means “value for money” as defined by HM Treasury guidance;]
VfM means value for money;
More Definitions of VfM
VfM means “value for money” as defined in the Commonwealth Procurement Rules
VfM means “value for money” as defined by HM Treasury guidance; Working Day means Monday to Friday inclusive but not including any public holiday nor any annual holiday recognised by the Construction Industry Joint Council. 2Term of this Agreement Subject to earlier termination pursuant to clause 17, this Agreement shall commence on the date hereof and shall continue for a total duration of two years with two one year optional extensions (the Term). The parties acknowledge that the duration of Project Appointments and Project Contracts may extend beyond the Term. Nothing in this Agreement shall create any liability on the part of the MoJ or any Additional Client nor commit any of them to any expenditure whatsoever. Neither the MoJ nor any Additional Client guarantees to award to any Strategic Partner any minimum share of the works comprised in the Programme or any value or type of Projects or any minimum payment of any kind. 3Projects and Additional Clients The MoJ and any Additional Clients may award Project Appointments and Project Contracts and/or seek offers in relation to any proposed Project Appointment or Project Contract in accordance with clause 7. Each of the Strategic Partners acknowledges that additional parties may become Additional Clients during the Term. The MoJ may notify such Additional Clients to the Strategic Partners at any time and any such Additional Client shall, to the extent notified and from the date of such notification be treated for all purposes as an Additional Client as defined in this Agreement save where the MoJ subsequently notifies the Strategic Partners that any such Additional Client should no longer be treated as an Additional Client. Any Additional Client shall be entitled to enforce the terms of this Agreement pursuant to the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇. No other person has any right to enforce any term of this Agreement pursuant to that Act. The Strategic Partners acknowledge and agree that subject to notification by the MoJ Mini-Competitions in respect of Project Appointments and Project Contracts to be let by Additional Clients may be conducted either by the relevant Additional Client or by the MoJ.