Value for money, on an individual, contract-by-contract basis, means the market rate that we're paying is appropriate to the goods or services that we're acquiring. For the most part, as just discussed, we ascertain that through competition and through market pressure. In other cases, we work with our colleagues in PSPC, for instance, and we can make comparisons with what other clients or customers are paying for similar services or goods when there are sole-source requirements because of, for instance, intellectual property limitations on the procurement strategy.
On June 6th, 2024. See this statement in context.