Using VALiD to understand value from the stakeholder perspective

A “value agenda” has arisen in the UK’s cultural development in recent years. In the construction sector, a desire tomake worthwhile building investments that are socially beneficial as well as commercially successful has becomecommonplace. This value agenda has become embodied in government policy which has, in turn, shaped theinvestment strategies of public bodies. Construction projects are becoming concerned with engaging directly withstakeholders to understand and reflect their attitudes, opinions and values in the final solution. In the private sector,the value agenda has stimulated business and societal debate to the stage where fulfilment of stakeholders’expectations is seen as a precursor to commercial success. It is increasingly held that people seek to use buildingsand facilities that reflect their values and which, therefore, they feel at ease with.In response to the above, VALiD (Value in Design) has been developed as a flexible framework that helpsconstruction project teams explore and understand stakeholders’ values as a precursor to delivering value. Withinthis framework, VALiD defines value as the relationship of stakeholder benefits sought, sacrifices accepted, andresources expended. It is defined individually for every stakeholder in recognition that each has different underlyingvalues and, therefore, a different perception of value.The use of VALiD to define project objectives and assess value delivery performance is described. The paperpresents a summary of construction organisations’ response to this treatment of value, including the status of itsdevelopment through continuing industry and academic research in the UK.