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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > V

Value for Money

Value for Money is the principle of comparing lifetime benefit against lifetime cost, where the desired VfM outcome is that the benefit outweighs the cost.

To track whether your agreements are delivering value for money, you can use a dedicated Spend Module. 

This will allow you to: 

  • Visualise your actual spend against forecasted spend in customisable dashboards 
  • Drill down into detailed reports 
  • Import spend data and see at invoice level
  • Identify delinquent or duplicate spend. 

 

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