This week, the Construction Innovation Hub is celebrating the completion of the Value Toolkit, following a successful development programme with over 200 industry partners. The announcements include the launch of a new BSI flex standard to underpin value-based decisions making in the sector.
Bringing together those who have contributed to its journey, including government, clients and industry partners, the Hub is now sharing the transition phase to adoption.
The Value Toolkit is a pioneering suite of tools that will be used by industry to embed value-based decision making in the built environment sector. It is a government funded industry-led initiative – with roots in the Construction Leadership Council’s Procuring for Value report and set to deliver on the ambitions of the Construction Playbook and the IPA’s Transforming Infrastructure Performance Roadmap.
The Toolkit has been developed to reframe the definition of value, and how it can be evaluated and measured, capturing wider, whole-life considerations around net-zero, user experience, productivity and social impact.
Working with partners and collaborating has been critical to the success and there are few corners of the sector that the Value Toolkit has not touched - from local authorities to central government departments, consultancies, contractors and specialist SMEs. The ambition is now for widespread adoption, driven by government and underpinned by industry.
Keith Waller, Programme Director at the Construction Innovation Hub, said:
Construction Minister Lee Rowley MP said:
Rory Kennedy, Value Toolkit Strategy Board Chair and Director of Capital, Department for Education said:
Andy Mitchell, Co-Chair of the Construction Leadership Council (CLC) commented:
More information about the Value Toolkit and how to get involved is available on the Hub’s website: https://constructioninnovationhub.org.uk/value-toolkit
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