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VALUE FOR MONEY - Asian Development Bank

VALUE FOR MONEY . GUIDANCE NOTE ON PROCUREMENT. DECEMBER 2021. Asian Development BANK. VALUE FOR MONEY . GUIDANCE NOTE ON PROCUREMENT. DECEMBER 2021. Asian Development BANK. Creative Commons Attribution-NonCommercial-NoDerivs IGO license (CC BY-NC-ND IGO). 2021 Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines Tel +63 2 8632 4444; Fax +63 2 8636 2444. Some rights reserved. Published in 2021. ISBN 978-92-9269-205-6 (print); 978-92-9269-206-3 (electronic); 978-92-9269-207-0 (ebook). Publication Stock No. TIM210479-2. DOI: The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

loan or grant from ADB, or by ADB-administered funds. ADB designed the 2017 procurement policy to deliver significant benefits and flexibility throughout the project procurement cycle, as well as to improve project delivery through a renewed focus on the concepts of quality, value for money (VFM), and fitness for purpose.

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