Value Toolkit
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.
The Value Toolkit is a government backed initiative designed to change the way the construction industry thinks about and measures value.
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 Value 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. 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.”
HM Treasury, 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.
Related News & Events
Over 200 partners from across government and industry contributing to the Value Toolkit community and counting.
Keep up to date with the latest developments of the Value Toolkit and news about the Construction Innovation Hub.
Join the Value Toolkit Community!
#ValueToolkit
Follow the latest conversations from the Value Toolkit community on Twitter
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Have you seen our #ValueToolkit–A Journey to Value-Based Decision-Making video? The toolkit is a suite of tools that will be used by industry to embed value-based decision making in the #BuiltEnvironment. Watch it to learn more from some of those involved- https://bit.ly/3bH1VrH
WATCH: RTPI CEX @VictoriaRTPI features in the Construction #ValueToolkit talking about how planning & the construction industry can work together to break down the silos and achieve a more systems-based approach. @CIH_HUB #builtenvironment #sustainability
https://www.youtube.com/watch?v=og78gMIE6NU
We are proud to have worked with @CIH_HUB and so many other industry partners to help develop the #ValueToolkit.
We are hopeful this toolkit will serve as a major catalyst in the built environment sector to shift decision making from cost-based to value-based.
Watch our #ValueToolkit video to see the journey from inception to completion of this successful yet multifaceted project https://youtu.be/og78gMIE6NU
Anne Bentley, member of the Construction Leadership Council (@CLC) closes our #ValueToolkit Legacy Reception, by reflecting on the development of the toolkit from inception to completion. Watch the video now https://youtu.be/_o-Xxqv1bnY
#ValueToolkit #Innovation
Watch Lee Rowley @Lee4NED , Minister for Business and Industry highlight the partnership between government and industry in developing the game changing #ValueToolkit. https://youtu.be/3nmes1NVQZk
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