Value for Money in development and regeneration projects
Updated: Oct 26
“Value for Money’’ is a term often confused with getting something for the lowest price possible. In reality, the best value is rarely the cheapest and if something feels too cheap to be true, then it most likely is!
With developments and regeneration projects (which are capital intensive), it is worthwhile focusing on value rather than just price- as the asset will also have maintenance & running cost implications (more so, if you as a landlord are retaining the asset).
The Value for Money Code of Practice and the Value for Money Standard published by the Regulator of Social Housing is a good reference point for Registered Providers (RPs) who are looking to achieve value for money with their development and regeneration projects.
At Airey Miller, we continue to support an increasing number of RPs in achieving true value for money – exceeding client expectations in many cases. Below are the 12 facets of value for money drivers which are engrained in the services we provide to our clients – and which have helped our clients meet the Regulator of Social Housing Standards, funding and investment requirements and strengthen their social purpose.
Want to know more?
’Kunle Awofeso, Airey Miller, Director/Partner