Browsing by Author "Alibegashvili, Manana"

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    The impact of value for money on project implementation process
    (Ivane Javakhishvili Tbilisi State University Press, 2019) Alibegashvili, Manana
    In many countries the Value for Money (VfM) is used by public authorities as a decision making tool in the context of public investment. These solutions are varied and can be tailored to each project. Its technical characteristics identify the best delivery option. VfM guides and supports decisions on the implementation of a public infrastructure project at the stage of Public-Private Partnership (PPP) or Public Procurement. Accordingly, the VfM's primary goal is to maintain a balance between cost and benefit. Where the cost element represents the costs incurred during the project, including delivery and associated project risk management costs. And, the benefits include quality, quantity and level of performance over the same period.