This document presents an initial framing developed to support analysis of separation of functions, Value for Money and risk, to help facilitate a shift from UN/INGO led programmes, to locally-led models that draw on the complementarities between UN, INGO and LNO key strengths. It also reports on the findings from the application of these frameworks to a major FCDO country investment (anonymised for reporting publicly). The intention is that these frameworks could be used across donors, international intermediaries and LNOs to critically assess options for flipping programme delivery models. It also presents a framework for considering how networks of local actors can complement more centralised Government programmes by establishing a strong social contract and enabling transparency and accountability.