Trowers & Hamlins involved in ground-breaking Value Toolkit
International law firm Trowers & Hamlins has contributed towards the development of The Construction Innovation Hub's Value Toolkit, which has moved into a new phase giving early implementers a chance to pilot the new approach that will drive better social, environmental, and economic outcomes from investment in the built environment.
Directly supporting a key policy objective common to both the Government’s Construction Playbook and the CLC Roadmap to Recovery, the Value Toolkit will allow policymakers and clients to make informed decisions at every stage of the project lifecycle.
The toolkit was developed by the Hub in collaboration with government and more than 200 organisations from industry, including ACE, IPA, CIOB, RIBA, RICS, Social Value UK and UKGBC.
The pilot phase, which will run over the next six months, will see the Toolkit’s process and suite of tools put through a rigorous course of testing with clients and practitioners before the final industry-wide version is unveiled later in the year.
Feedback and insights received during the pilot will be used to fine-tune the Toolkit to ensure that, when the final version is launched, it delivers maximum benefit for as wide a range of clients as possible.
Partner Rebecca Rees commented:
"We are pleased to have been involved in the development of the Value Toolkit as part of the value definition and market enablers steering groups. We look forward to supporting the Construction Innovation Hub in the next phase of its development to ensure that key construction decisions can be based on value rather than lowest price."
Construction Innovation Hub Impact Director for Value, Ron Lang said:
“A lack of consistency in how value-based decision-making is approached has led to substantial gaps developing between what organisations set out to achieve and what they end up delivering in the built environment sector.
“The Value Toolkit addresses this persistent challenge by providing an intuitive, user-friendly process and suite of tools to support organisations of all sizes to make and implement value-based decisions.”