Value for Money



Objective

  To provide excellent services by embedding a culture of value for money throughout the organisation to ensure that we meet the needs of all of our customers.

Initiatives

  Implement procurement strategy.
  Implement workforce efficiency strategy.
  Embed the principles of the Gershon Agenda in short term budgeting and long term financial planning.
  Contribute to Council’s statutory Annual Efficiency Statement obligation.
  Development of benchmarking with internal and external partners.
 
Importance of this work

  The delivery of excellent services will be achieved by considering the balance between cost and quality. Achieving value for money will create a sustainable Derby Homes and Housing Revenue Account.

Targets

  Continue to bed-in VFM recommendations identified in the re-inspection report during 2007/08.
  set the operating budget 2008/09 bearing in mind the Business Plan update for 2008/09, production of long term finance strategy by April 2008 and incorporating annual process improvements and contribution to AES process.
  Procure building cleaning service by July 2007 and introduce an annual procurement process for key services by August 2007.
  Publicise facts and figures on value for money and market to Board members, staff, tenants and leaseholders before April 2008.
  Develop benchmark techniques and introduce a programme of comparison with external partners from December 2007.
  Increase the levels of consultancy work carried out in 2007/08.