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A benefit–cost ratio [1] (BCR) is an indicator, used in cost–benefit analysis, that attempts to summarize the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project or proposal, expressed in monetary terms, relative to its costs, also expressed in monetary terms.
Best value procurement (BVP) is a procurement method that looks at factors other than only price, such as quality and expertise, when selecting vendors or contractors. [1] [2] [3] In a best value system, the value of procured goods or services can be simply described as a comparison of costs and benefits. A contractor or vendor is thus selected ...
Value for money is often expressed in comparative terms, such as "better", or "best value for money", [1] but may also be expressed in absolute terms, such as where a deal does, or does not, offer value for money. [2] Among the competing schools of economic theory there are differing theories of value.
The predecessor to the UK Labour Government's Best Value policy was the Conservative Government's 1980s policy of compulsory competitive tendering (CCT). CCT originated in part with the ideas of Conservative politician Nicholas Ridley, who made "unfavorable" comparisons between the "fat and bloated" local authorities of the United Kingdom and the relatively "slim" contract cities of the United ...
Blackwater is a city in northwest Cooper County, Missouri, United States located along the Blackwater River, from which it takes its name. [4] The population was 162 at the 2010 census . Founded by the Missouri Pacific Railroad , Blackwater's economy was largely defined by freight until the mid-twentieth century.
It was listed in 1975 as Missouri's first American Water Landmark by the American Water Works Association, and is on the National Register of Historic Places. [4] The 12-sided tower is 134 feet (41 m) tall, with walls 18 inches (460 mm) thick, and a capacity of 1,000,000 US gallons (3,800,000 L; 830,000 imp gal).
The Water Reform Agenda also mentions the need for the public to be informed of the cause and effect relationship between infrastructure performance, standards of service and related costs, with a view to promoting levels of service that represent the best value for money to the community. [22]
The median age in the city was 50.9 years. 20.1% of residents were under the age of 18; 4.6% were between the ages of 18 and 24; 15.3% were from 25 to 44; 39.9% were from 45 to 64; and 20.2% were 65 years of age or older. The gender makeup of the city was 47.7% male and 52.3% female.