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Undertake a programme-wide Value for Money (VfM) appraisal of the Major Water Infrastructure Programme (MWIP) to identify, test and prioritise credible cost reduction and VfM opportunities, with a focus on decisions that can influence cost, schedule, risk and deliverability at the early stages of the project lifecycle across identified VfM drivers. The study will adopt a two-stage approach to delivery. Stage 1 will provide a programme-wide VfM assessment, covering VfM drivers and identifying, testing and prioritising credible opportunities. Greater emphasis will be placed on those drivers where there is currently greatest potential to influence VfM, particularly given the maturity of assets within the Reservoir Programme. Stage 2 will comprise subsequent steps required to further develop, evidence and unlock priority opportunities identified through Stage 1. These may include targeted technical, commercial or delivery assessments, where required. Any such subsequent work will be defined and commissioned separately based on the findings and recommendations from Stage 1. The objectives of the Services are to: • Identify potential VfM drivers across MWIP. • Challenge and develop the i
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