Driving better social, environmental and economic outcomes through value-based decision making.
Developed in partnership with over 200 experts from across government and industry, the Value Toolkit is a government backed initiative designed to change the way the construction industry thinks about and measures value.
The Construction Innovation Hub has invited clients and practitioners to test the Value Toolkit’s process and suite of tools on live projects and programmes, between May and October 2021.
Places for the testing programme are now closed. We have received great levels of interest with numerous early implementers signed up to be part of the pilot phase. If you’d like to be part of our dedicated Value Toolkit community and kept posted on the progress of the initiative, please sign up for updates.
By embracing the Value Toolkit, we can make balanced, informed decisions, maximising the impact of our investments in the built environment.
What is the Value Toolkit?
The Value Toolkit offers clients a structured approach for value-based decision making across the investment lifecycle of a project, programme or portfolio. This means better outcomes from what we deliver and how we deliver it, leading to a more sustainable built environment and a more sustainable model for our industry.
Read the overview document now to learn more about the Value Toolkit.
- Optimise the social, environmental and economic outcomes from your projects, programmes and portfolios, tackling difficult questions head on, and making more balanced, informed investment decisions
- Get a deeper understanding of value and demonstrate the delivery of broader outcomes beyond traditional cost, time and quality
- Keep up to date with global best practice and align with national policy priorities set up in the Construction Playbook and Treasury’s Green Book
The Value Toolkit sets out a series of integrated activities which support value-based decision making. It gives policy makers and clients a deep understanding of value and enables them to optimise outcomes. The Toolkit has five interlinked streams: Value Definition, Client Approach, Risk, Measurement & Evaluation and Appointments. These are not isolated streams, but involve interaction, iteration and continuous review. Within each of these streams of the Value Toolkit there are steps, deliverables and decision points.
Join the Value Toolkit Community
We have the opportunity to improve the future delivery and performance of our nation’s infrastructure by transforming how key decisions are made – by Government, our construction sector and procurers – through a move towards value-based decision making. Stay informed on the latest news about the Value Toolkit, sent directly to you.
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