Embrace social value or get left behind warns CIOB
Posted: Tuesday, May 9th, 2023
The report, Social Value and SMEs says a relatively small number of construction SMEs are up to speed with what social value is, how it is delivered and how it is measured. It predicts those who choose to ignore it will lose out when it comes to bidding directly for work in the public sector or for Tier 1 companies, who have had no choice but to move fast on social value since it was introduced into public sector procurement in 2020. It also adds that social value is more likely to feature in private sector procurement over time, as councils are expected to factor it into planning applications, meaning almost all projects will require its suppliers and contractors to demonstrate social value. Saul Townsend, head of communications at CIOB, said: “Our advice to SMEs is to get on board with social value now. “In lots of cases, they’ll already be delivering it anyway, for example by recruiting locally, sourcing local materials, enhancing biodiversity, reducing carbon and engaging with local communities, but there is a need to understand how to record, measure and communicate these activities to potential clients.” He added: “Demonstrating social value is not just great for winning work but also for attracting new talent into the workplace and it has a role to play in enhancing the industry’s overall reputation too.”
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