A Draft Checklist for Better Funding Practice
(ACEVO 2004, Surer Funding)
Key Principles |
Outcomes |
Relevant tools and initiatives |
1) Sharing the responsibility for the risk of delivery
2) Contracts are of an appropriate timescale |
- Risks are recognised, discussed up front, and shared appropriately between funder and provider.
- The costs of risks are understood by both sides, and risk transfer is funded appropriately
- Contracts are multiyear, and of an appropriate timescale for service development, delivery and evaluation to take place.
- Payments are made promptly, including payments in advance of expenditure.
- Performance-related break clauses are discussed and agreed in advance
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| 3) Cutting Waste caused by bureaucracy |
- Qualification, monitoring and reporting requirements should be focused on outcomes for service users, and proportionate, consistent and streamlined.
- Where an organisation is funded by more than one agency for providing similar services, monitoring and auditing should be conducted by a single agency.
- The procurement process is flexible and avoids unnecessary procedure.
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| 4) Fair costing and pricing |
- The price offered for the service allows delivery on a sustainable basis.
- Funding for the relevant portion of organisational overheads is recognised as legitimate in non-procurement situations.
- In procurement situations, the contract should be awarded purely on the basis of value for money; no information should be sought on management or overhead costs
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