29 May 2007 | Antony Barton
Five of the UK's audit bodies have released guidance for public sector managers to improve the value for money of their corporate services.
The report includes indicators that allow managers to assess their performance in procurement; finance; human resources; information and communication technology; and estates management.
The 11 indicators for procurement include total cost of the procurement function; actual spend committed against pre-established contract arrangements as a percentage of non-pay spend; and percentage of non-pay spend that is actively managed by procurement professionals.
The agencies say the publication of this report is "very much a first step". No procurement performance indicators were previously established in the public sector.
The indicators are voluntary but organisations are encouraged to use them. They are also advised to establish benchmarking services and further develop the indicator sets.
Value For Money in public sector corporate services was issued by the Audit Commission, Audit Scotland, the National Audit Office, the Northern Ireland Audit Office and the Wales Audit Office.