CIPFA VfM indicators 2019
Commencement and term
The CIPFA VfM Indicators Benchmarking service will operate for the period June to March each year.
Fees and membership
All fees and charges become due on completion of the membership form.
Membership may be available at CIPFA's discretion for organisations wanting to join after the deadline for the return of data, and this may be subject to a price surcharge of up to 100% of the standard charge for the stream(s) in question.
Cancellation
Should you wish to cancel membership, CIPFA must receive notice of your cancellation by email before the stream questionnaire(s) are despatched by CIPFA. Once the questionnaire(s) have been issued, all fees are still due and are not returnable. All cancellations should be addressed to vfmindicators@cipfa.org.
Membership fees
All fees and charges as stated are exclusive of VAT. VAT at standard rate will be added to the stated fee when the invoice is raised.
The service
There are seven streams available in the VfM Indicators Benchmarking Service.
The product
Each of the VfM Indicator streams subscribed to includes:
- a benchmarking questionnaire – to be issued to pre-registered members in June 2019 and thereafter within five working days of joining the club
- a final report comparing performance with all members by similar organisation type
- a final report comparing performance with all members
- a responsive helpline and contact service
- an interactive report tool enabling further analysis.
- by the end of the exercise a fully interactive Power BI report.
Return of data and issuing of reports
Reports will be first available from 7 August 2019 for those members who have returned fully completed questionnaires to CIPFA on or after 31st July 2019. Thereafter reports will be issued to members within five working days of receipt of full data as long as valid data is received by 27 March 2020.
Data received after 28 March 2020 deadline for the return of stream data will be processed at CIPFA’s discretion and may be subject to a surcharge of up to 100% of the standard price for the stream(s) concerned.
No outputs will be available if you do not contribute valid data.
Lead contact
Members must nominate a lead contact for each VfM Indicator stream joined, who must be an employee of the organisation being benchmarked. Reports and other material produced for each VfM Indicator stream will only be sent to the lead contact for that stream.
Where the function being benchmarked is outsourced, or is part of a partnership arrangement, then the lead contact must be an employee of the organisation being benchmarked.
Under no circumstances should data that names, or can be used to identify, other members be made available to employees of the contractor or partnership.
Data confidentiality
By returning data, members will be deemed to have authorised CIPFA to make their data available to other club members.
Club members should not divulge data about other club members to anyone but immediate colleagues. Under no circumstances should data be passed on to third parties.
CIPFA reserves the right to use data from this exercise to inform other work and data may be made available to third parties on an anonymised basis. However, an individual organisation's data will not be publicly identified without prior permission.