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.
However, in transforming the construction industry to deliver better outcomes, we reframed the definition of value, and how it can be measured a. Creating the opportunity for wider factors to be considered, improving the return on investment for society, the economy and the environment.
To help empower decision-makers to make more informed and policy-aligned decisions, the Construction Innovation Hub created the Value Toolkit – a new process and digital tools designed to change the way the construction industry make decisions right from the outset of the project or programme through the full investment lifecycle.
The Value Toolkit helps create a more holistic approach to defining value, surpassing cost and timeframe to help drive longer-term value with better outcomes for all.
This world-leading value-based methodology positions the UK construction sector, and its clients, at the forefront of conscious and informed decision-making.