The Construction Innovation Hub’s (CIH) Value Toolkit is driving better social, environmental and economic outcomes through value-based decision making.
Developed on partnership with over 200 experts, including ACE, it is designed to change the way the construction industry thinks and measures value.
Its goal is to offer clients a structured approach to value-based decision making across the lifecyle of projects, programmes and portfolios. This will lead to better outcomes for what the built environment sector delivers and as importantly, how this is delivered. This will allow policymakers and clients to make informed decisions at every stage, while meeting ambitions on levelling-up, delivering a carbon-free future, or kickstarting productivity.
ACE has been a key partner for the project, helping to progress thinking around the Value Toolkit’s Client and Market approach. In addition, ACE members Arup, Mott MacDonald and WSP in the UK are among 20 of the early implementers who will now see the Value Toolkit deployed on live projects over the next six months.
Today sees the project move into beta-phase, the launch of a new overview document and interactive process map, as well as an invitation for advisors to register to pilot the Toolkit’s processes at an organisational or portfolio level, as well as on individual projects and programmes.
Feedback and insights received during this period will be used to fine-tune the Toolkit to ensure that when the final version is launched, it is delivering maximum impact for as wide a range of clients as possible. Members interested in finding out more can contact the CIH directly. Please note the window to register your company's interest closes on 21 May 2021.
Hannah Vickers, ACE chief executive said: “The Value Toolkit should be welcomed by the entire construction sector as it unlocks a new future for our industry. Where once decisions defaulted to discussions around cheapness, we will soon be able to have detailed and evidence-based negotiations based on social, environmental or productivity outcomes. In turn, this unlocks new approaches to client/consultant relationships which will be more financially sustainable and not just based on the hours billed.”
“With political aspirations to Build Back Better post-pandemic, and for a carbon free economy over the longer term, the Value Toolkit will be the process that turns political rhetoric into reality and is integral to the built environment sector’s role in delivering a better society for all.”
“ACE is delighted to have been a supportive partner of the Construction Innovation Hub on this programme and looks forward to continuing its support as the project moves from beta to rollout over the next six months.”
Rory Kennedy, Director of Capital at the Department for Education, said: “As the Chair of the Value Toolkit’s Project Board, I am delighted that the pilot phase is now underway, giving clients a chance to see first-hand the benefits this resource can bring to a range of projects and programmes.”