Version 1.0 of BSI Flex 390 is available for download. Commenting has now closed. Received comments will be used to inform the development of version 2.0 of this BSI Flex.
The UK built environment sector traditionally sees value in financial terms, or at best in terms of cost and quality. BSI Flex 390 v.1.0:2022-06 is the first version of a new Flex standard designed to help with considering value in terms of four different pillars: natural, human, social and produced. Complementary to existing processes and systems, and sponsored by the government’s Construction Innovation Hub, it can help users make value-based decisions that drive better social, environmental and economic outcomes.
Anyone in the built environment with responsibility for making or implementing intervention investments in build environment assets; or those wishing to adopt a process for systematically introducing value-based decision making when procuring or acquiring an asset, including:
It specifies requirements for implementing a consistent approach to value-based decision making throughout the project lifecycle of an asset and within the inter-related processes undertaken in the management of a built environment project.
It utilizes a Value Definition Framework to help users consider value in terms of four overarching pillars: natural, human, social and produced.
NOTE: This BSI Flex is complementary to existing processes that assist with the wider management process of a project or programme, such as outlined in BS 12973. As a BSI Flex standard, it allows for iterative modification as processes develop, lessons are learned and practical experience is gained. This iteration - Flex 390 Version 1 – focuses on the value-based decision making process, and its breadth and technical detail. Version 2 will resolve connections to existing standards, in part based on feedback derived at public comment phase.
It provides a clear, modern approach to how value in the built environment can be defined, created, delivered and measured to drive better social, environmental and economic outcomes
It is a value-based add-on to existing project management processes, rather than another system to learn and invest in
It provides a framework within which clients can explore their required outcomes
It creates an ongoing up-to-date reference point so that organizations are able to benchmark and develop their operations
It gives confidence of a rigorous process as well as the ability to verify conformity
It creates greater resilience and efficiency, with adaptable good practice
It supports innovation within organizations and industries
It aligns with the principle of value-based decision making already in use in government and the private sector
It strengthens risk management and increases confidence
It is UK-developed but has global application
BSI Flex 390 v.1.0:2022-06 contributes to UN Sustainable Development Goal 11 on sustainable cities and communities and Goal 12 on responsible consumption and production.