Pilot for ground-breaking Value Toolkit for the construction industry takes off
The University of Salford is delighted to have contributed towards the formation of the Value Toolkit for the built environment.
The Value Toolkit, which is multi-stakeholder project lead by the Construction Innovation Hub and backed by UK government funding, aims to help built environment organisations better define, understand and manage the value created throughout the lifecycle of projects, programmes, and built assets.
The Value Toolkit has been developed with over 150 experts from across the sector and is aligned with the HM Treasury’s Green Book and Balanced Scorecard, and private sector Environmental, Social and Governance (ESG) investment criteria which can be scaled to support global, national or local priorities.
Professor Peter McDermott from The University of Salford said: “An innovative construction sector is key to the grand challenges that we are all facing in terms of the immediate recovery from the pandemic and the need to focus clearly on climate change and levelling-up. The University recognises the potential of the Value Toolkit, and how it can contribute towards the improvement of the future of construction, and for the value of the construction sector to be recognised. We are delighted to be partners with the sector on the journey towards a more sustainable built environment”.
Over the last twelve months, the University has been working alongside Constructing Excellence to test the preparedness of the market for the Value Toolkit and with Association for Consultancy and Engineering (ACE), in determining effective procurement, risk and business models in support of the Toolkit.
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