What is value for money? How can it help us prevent corruption?
Public money must be spent wisely and in the public interest.
This short video by the NSW Independent Commission Against Corruption (NSW ICAC), Australia, shows how achieving real value for money can help prevent corruption and ensure that the right outcomes are achieved. Achieving value for money hinges on four fundamentals: understanding the need, understanding the market, allocating to the right supplier and ensuring you got what you paid for.
More information: www.icac.nsw.gov.au