Focus on Viability and Value for Money
LMH will be responsible for £multi-million investments during the next five years and beyond.
We take our duties to secure value for money very seriously and this is reflected in the robust processes we have in place in all of our procurement activity. Competitive tenders have been carried out with meticulous attention to detail and we believe this will ultimately benefit our tenants in the short and long term.
Stop press: quarter 4 performance update available
Quarter 3 performance update available
Quarter 2 performance update available
Quarter 1 performance update available
- By organisation: Focus on Viability and Value for Money quarter 1 performance update
- By neighbourhood area: Focus on Viability and Value for Money quarter 1 performance update
Champions
Board Champion: Mike Harden
Executive Champion: Peter Fieldsend, Director of Corporate Services
How are we performing?
Listed below are our Year 1 targets and how we performed against them:
- Out-perform Year 1 Business Plan Assumptions (target met)
- Establish robust and appropriate financial management systems and controls together with effective internal audit arrangements (target met)
- Develop an Organisational approach to risk and a comprehensive Risk Management Strategy (target met)
- Develop a Value for Money Strategy incorporating the audit commission KLOE on VFM and a desire to achieve best practice (target met)
- Establish ongoing Budget Cycle and Business Planning processes (target met)
- Embed financial awareness and the management of Value for Money (target met)
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