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Value for Money Statement The Bur gate School & Sixth Form Company Number 07596997 Year ended 31 August 2014 I accept that as Accounting Officer of The Bur gate School & Sixth Form I am responsible
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What is value for money statement?
Value for money statement is a financial document that assesses if goods or services provided meet the necessary quality standards at the best possible price.
Who is required to file value for money statement?
Government agencies or organizations that procure goods or services using public funds are typically required to file a value for money statement.
How to fill out value for money statement?
To fill out a value for money statement, one must provide details on the goods or services obtained, the cost incurred, and the benefits derived from the procurement.
What is the purpose of value for money statement?
The purpose of value for money statement is to ensure transparency, accountability, and efficiency in the use of public funds for procurement purposes.
What information must be reported on value for money statement?
Information such as the vendor details, contract terms, pricing details, quality assessment, and cost comparison must be reported on a value for money statement.
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