The Construction Playbook requires that contracting authorities 'analyse information from past projects and programmes' in order to provide 'decision-makers with key insights and data to make more informed and intelligent investment decisions' and to 'better understand whole life costs and value '(p.11).
The January 2021 Infrastructure and Projects Authority Mandate includes a commitment to 'create a Benchmarking Hub and make benchmarking data available on key assets to underpin and challenge project investment cases.' Analysis of information from past projects and programmes should inform the framework strategy and the budgeting through which framework providers, clients and suppliers establish:
■ The likely scale of the framework programme and of the pipeline or pipelines of work planned or committed by framework clients
■ The likely scale of the resources that the framework provider, clients, manager and suppliers will commit to framework activities such as value improvement and risk management.
The Playbook requires that 'Projects and programmes should undertake benchmarking of key project deliverables including cost, schedule, GHG emissions and agreed outcomes at each stage of business case development', and that clients should create a 'Should Cost Model' that provides 'a forecast of what a project or programme 'should' cost over its whole life, including the build phase and the expected design life' (p.36).