Understanding value

Campbell, James

Understanding value - 2005 - RICS Business July/August 2005, 34(1) .

Reports on a new value assessment system for all aspects and types of construction projects developed by Loughborough University in conjunction with a wide range of professional bodies including RICS and major industry players. Managing Value Delivery in Design (VALiD) provides a structured way to help project teams understand and assess value from the perspective of project stakeholders and introduces a common language of value. Describes the three phases of the VALiD framework: understanding values, defining value and assessing the value proposition. Concludes with a brief survey of VALiD in use by local authorities and businesses.