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Completion of the Value Toolkit, following development programme with over 200 industry partners.
Last week, the UK-based Construction Innovation Hub celebrated the completion of their Value Toolkit, following a successful development programme with over 200 industry partners.
The Value Toolkit is an innovative suite of tools that can be used by industry to embed value-based decision making in the built environment sector. It is a government funded industry-led initiative – with its origins in the Construction Leadership Council’s Procuring for Value report and set to deliver on the ambitions of the Construction Playbook and the IPA’s Transforming Infrastructure Performance Roadmap.
The Toolkit has been developed to reframe the definition of value, and how it can be evaluated and measured, capturing wider, whole-life considerations around net-zero, user experience, productivity and social impact.
Collaboration with partners has been critical to the success, and according to sources, there are few corners of the sector that the Value Toolkit has not touched – from local authorities to central government departments, consultancies, contractors and specialist SMEs.
The broader intent is now for widespread adoption, driven by government and underpinned by industry.
Watch their journey here:
The Construction Innovation Hub 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. It was established to empower clients and policy makers to work with their supply chains to make informed, value-based decisions that drive better social, economic, and environmental outcomes.
The Value Toolkit process considers five phases of an investment lifecycle:
See: constructioninnovationhub.org.uk
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