- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 21 May 2021
ECA welcomes the Value Toolkit for the construction industry
For many years, ECA has been advocates of whole life, rather than capex, value. The Toolkit, which is still at pilot stage, addresses the way the industry thinks about, and measures value. It offers a structured approach to value-based investment decisions about a project or portfolio. And it draws on best practice in sustainable investment from across the globe.
The Value Toolkit's user-friendly tools help clients define value beyond capital costs. Value-based decision making is already enshrined in public and private investment policy, but there is often a gap between the outcomes promised and those delivered.
The Toolkit supports policy objectives common to both the Government’s Construction Playbook and the Construction Leadership Council’s Roadmap to Recovery. It helps clients engage effectively with the supply chain and to consider the social, environmental and economic benefits and consequences of their decisions.
 Toolkit development
Rob Driscoll ECA Director of Legal & Business said, "For the engineering services sector, which spans both construction and maintenance, the Value Toolkit is a milestone towards the goal of linking capex and opex in the pursuit of value (not lowest priced) based procurement."
Until October 2021, the Construction Innovation Hub is looking to fine tune the Toolkit. It is seeking partners from the wider sector to take part in the pilot.
This article originally appeared on the ECA website under the headline, 'ECA welcomes the construction industry’s Value Toolkit'. It was published on 4 May 2021.
 Related articles on Designing Buildings Wiki
- Articles by the Electrical Contractors' Association (ECA).
- BRE welcomes the introduction of the Value Toolkit.
- Capital expenditure for construction.
- Construction Innovation Hub.
- Construction Leadership Council CLC.
- Engineering services and industry recovery guide.
- Get ready for green jobs and upgrade projects.
- Life cycle in the built environment.
- New deal for infrastructure 2020.
- Procurement route.
- Why we need to grasp the whole life cycle.
- The Construction Playbook.
- The Value Toolkit.
Featured articles and news
Virtual connections can help apprentices keep up with training requirements.
NEC and IWFM announce the final edition of this suite of contracts.
The convergence of mathematics, computation and design.
Her circuitous, but rewarding construction career path.
CIC publishes its carbon zero strategy for organisations.
Various techniques can be deployed to open this type of movable bridge.
Her development as a thinker and writer. Book review.
Smart motorway strategies.
Actuate UK urges change of deadline to at least December 2022.
Study shows harmful impact of late payments on SME personnel.
Upcoming changes to the commercial supply and purchase of chemicals.
CLC introduces card for learners.
CIOB members recognised for public procurement.
Experts discuss the complex issues damaging the supply chain.