To: [EMAIL PROTECTED] From: "Patrick S.W.Fong" <[EMAIL PROTECTED]> Subject: Definitions of "Value for Money" Forwarded by Alan Freeman Sorry for cross posting. The term "value for money" becomes a buzzword in our everyday life. Different people have different meanings for this term. It is also found to be more commonly used in public sector than in private sector, AGREE??? e.g. the National Audit Office (NAO) in the UK used this term very often and they have published a number of value for money reports for different sectors. Currently, I am looking into the definition of "value for money" in general together with its specific use in construction. I would be grateful if anyone has any leads about its proper definition in general or within the construction context. Alternatively, your personal definition on this term is also welcome. In addition, is there any ways to measure whether a product, service, etc. is VALUE FOR MONEY? Many thanks for your help. Patrick Fong Department of Building & Real Estate Hong Kong Polytechnic University __________________________________________________________ Patrick S.W. Fong, Assistant Professor, Department of Building & Real Estate, Hong Kong Polytechnic University, Hung Hom, Kowloon, HONG KONG. Tel: +(852) 2766 5801 Fax: +(852) 2764 5131 or 2764 2572 E-mail: [EMAIL PROTECTED] __________________________________________________________