Best Value

A statutory duty for UK local authorities to ensure they achieve the best possible outcomes for residents with available resources, focusing on economy, efficiency, and effectiveness. A statutory duty for local authorities in the UK to ensure they are achieving the best possible value for money in the services they provide. A principle in public sector management that requires services to be provided in an economic, efficient, and effective way. A principle requiring public bodies to achieve the best possible value for money in their services. A concept related to the efficiency and effectiveness of public services, particularly in local government. A principle in UK local government requiring councils to demonstrate efficiency and effectiveness in their services. A procurement principle that requires public bodies to achieve the best possible outcome for the resources expended. A principle and guidance for public sector organizations to ensure they are achieving value for money.