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Developed in partnership with over 200 experts from across industry and Government to help redefine value and how to measure it. 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.
Decision making in construction has been historically driven by how much something cost, or how long it took to build. A project’s entire value was then measured against those two benchmarks.
Together with over 200 partners in industry, academia and government, we have reframed the definition of value, and how it can be measured, through the Toolkit.
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.
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.
Programme Director
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
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.
June 2022
By embracing the Value Toolkit, you can make balanced, informed decisions, maximising the impact of your investments in the built environment and demonstrating the delivery of broader outcomes beyond traditional cost, time and quality.
You can gain access to expert advice on how to prioritise value-based decision-making within your project planning process and make more informed and policy-aligned decisions for the future.
The Value Toolkit is applicable for public and private sector, and can be used on single projects, across programmes or at an enterprise level.
The Value Toolkit will play a vital role in ensuring that Government departments, including DfE achieve optimal outcomes from their investments in critical buildings and infrastructure. This uniquely collaborative programme is a prime example of what can be achieved when Government and industry work in partnership to drive innovation and change.
Department for Education
Bringing together knowledge from over 200 experts from across government and industry, this toolkit will make it easier to determine the social and environmental benefits of the decisions made by firms in the construction sector, helping it continue its drive to cut emissions and build back better from the pandemic.
The concept of procuring for value is on the cusp of becoming a credible delivery model. Bringing together CIOB, RIBA, RICS, Social Value UK and UKGBC to drive forward the development of the Value Toolkit is such an exciting step and I am delighted to be working with them and the Hub.
Construction Leadership Council
Seeing the Value Toolkit team come together in such a collaborative way to develop this timely and empowering suite of tools and processes is a testament to how we can change our modus operandi and find new and innovative ways to deliver projects and assets together.
WSP
Whilst the Value Toolkit itself is solutions agnostic, its release to the mainstream promises a cultural shift that should unlock significant opportunities for the offsite sector. The market has long advocated a focus beyond immediate capital cost and instead towards broader benefits such as improved productivity, quality and certainty.
Akerlof Ltd
The Value Toolkit is the latest example of the industry coming together to overhaul its ways of working. As we sit in the driving seat for the country’s economic recovery there is a golden opportunity for change, and success depends on us grasping this with both hands.
Turner & Townsend
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