The Value Toolkit enables value-based decision making focused on driving better social, environmental and economic outcomes, improving industry’s impact on current and future generations.
… ensure a more collaborative relationship between clients and suppliers…
Construction Innovation Hub writes:
The Value Toolkit is a suite of tools to empower clients and policymakers to make value-based procurement decisions that will result in the environmental, social, and economic outcomes they want.
This world-leading value-based methodology positions the UK construction sector, and its clients, at the forefront of conscious and informed decision-making. The high-level methodology was published as a BSI Flex Standard in June 2022. The full suite of Value Toolkit tools will launched later this year, but click here for a sneak preview of what it looks like.
“This is a landmark moment for the Hub and our industry partners, and a gamechanger for construction and the built environment.
Decision making in construction has been historically driven by how much something cost, or how long it took to build. The Toolkit delivers a laser-like focus on project outcomes that delivers value beyond the bottom line, and positively affect communities and those who live in them for decades to come. It will ensure a more collaborative relationship between clients and suppliers throughout the whole life of a project”.
Keith Waller, Programme Director at the Construction Innovation Hub
“It’s good to see this new initiative come to fruition after a successful pilot. The Toolkit reflects the Government’s desire to ensure we embrace a construction procurement process that has clean, green innovation at its heart.
It complements our commitment to boost the productivity of this vital industry as part of our plans to grow the economy and create good quality jobs. I look forward to continuing to work with the Construction Leadership Council to realise this ambition.”
Construction Minister Lee Rowley MP
“The Value Toolkit is a powerful tool to use following the initiation of a programme or project. It supports the optimisation of design, delivery, and operation in the built environment, adhering to clear, high-level objectives. It should of course be used alongside HM Treasury’s Green Book, Business Case guidance and the Treasury Approvals Process for the appraisal and approval of public spending proposals, none of which it supersedes.
It could be particularly useful in both development and delivery workshops, to help translate high level economic, environmental, and social objectives into key areas of focus for design and delivery.”
