Built environment professionals have united to look for a new approach that will change procurement culture by helping clients select on best value rather than lowest cost.
Over the next nine months, the group will seek to develop new software, tools and practices that can deliver measurable and demonstrable ways of procuring built assets by better value over a whole lifecycle.
The Government-backed move has been commissioned by the Construction Leadership Council as part of the sector deal to transform efficiency and modernise the sector, following July’s Construction Sector Deal and Procuring for Value report.
The report blamed current procurement practices for creating “a race to the bottom”, resulting in poor quality and unfair payment practices. It estimated that a more “joined up” approach to procurement could result in savings of over £ 15bn each year.
CLC’s procurement initiative is being led by Ann Bentley, Global Board Director of Rider Levett Bucknall (RLB) and CLC and Construction Industry Council (CIC) board member, who wrote Procuring for Value.
The CIC’s full press release can be found here.