VALUE TOOLKIT | About The Value Toolkit Using the Toolkit News & Insights
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.
Driving a permanent shift towards value-based decision making
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. It will be launched with a supporting BSI Flex Standard later this year.
Discover how your organisation can access and benefit from the Value Toolkit.
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.
To download a copy of the Value Toolkit overview document please complete the form below.
Integrated Process
Clients and practitioners put the Value Toolkit’s process and suite of tools through a rigorous course of testing in the second half of 2021. The next iteration of the Toolkit will incorporate feedback and insights received from the pilot phase. It will be launched in mid-2022.The Value Toolkit entails five complementary and interlinking streams: Value Definition, Client Approach, Risk, Measurement & Evaluation and Appointments. These streams are designed to evolve alongside industry and policy priorities, using continuous feedback loops to deliver insight on performance and effectiveness. When applied as collective measures they support a holistic approach to value-based decision making.
Within each of these streams of the Value Toolkit there are steps, deliverables and decision points.
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As part of the Value Definition stream
of the Value Toolkit Integrated Process,
the Value Definition Framework provides an industry-wide approach to the definition of value.
Designed in collaboration with industry, the framework should be used to guide the identification, organisation and communication of the whole-life outcomes that are to achieved through specific projects, programmes and portfolios in the built environment.
More information on the next iteration of the Value Toolkit will be announced later this year.
Value-based decision making is
leading to better outcomes
public and private sector organisations, 113 individuals, are testing the Value Toolkit on live projects to get better social, environmental and economic outcomes from our built environment.
structured online and in-depth workshops have been held in partnership with industry bodies and associations to understand the benefits and perceived barriers of value-based decision making across the Construction and Infrastructure Sector.
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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With Dr Robert Illes, Hub Lead Researcher at #DCW2022 – “I am pleased to be presenting a sneak preview of the #ValueToolkit and the role it can play. We feel it is an incredibly important tool to link client strategic objectives to the best possible outcomes.” ✅ @DigiConWeek
[email protected] - “If we are serious about change, we need to look at our #ValueToolkit, #PlatformConstruction, #InformationManagement and digital projects. We are at a really exciting time in our built environment.” #DCW2022
New #ValueToolkit Supporter Spotlight from Steve Thompson at @RICSnews. Steve shares their experience in developing the toolkit and how it has given their members tools to provide user-friendly processes to help close the gap between policy goals and more-https://bit.ly/3lAl8gJ
Hub Lead Researcher, Robert Illes, will be at @DigiConWeek presenting the #ValueToolkit framework and how transformation of the #UKConstruction sector is gaining pace. Find out how we can deliver better quality, safe and assured results - https://orlo.uk/JDW7x 📢
Thank you to @ChrisJLangdon and @EQUANS_UK for today's #ValueToolkit Supporter Spotlight ✅
Chris notes the toolkit's aim to improve decision making and quality throughout industry. Read previous statements on our website - https://constructioninnovationhub.org.uk/value-toolkit/testimonials/ 👈
Great session at the @UK_CW main stage with @keithdwaller and @EllieRTJenkins sharing more about our outputs with a spotlight on the #ValueToolkit - https://constructioninnovationhub.org.uk/value-toolkit/ #UKCW2022
What our community think
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