The UK government has looked at this question in The Social Value Model and Guide to Using the Social Value Model.We refer to these together below as “the Guidance”. We have commented before on the Social Value Act - here. The Act requires the vast majority of public procurements to assign 10% of the overall bid evaluation score to a bidder’s social value proposal. Markets are very competitive so performing well on this emerging aspect is often likely to mean the difference between winning and losing core business. It will have a huge impact across all areas of public spending, acting as a key gateway requirement to accessing the £>284bn public sector market.
Please see full Publication below for more information.