Social Value is a subject that's becoming more and more important for public sector bidding.
It's so important I'm writing a blog for one of our big public sector clients right now.
This is an interesting take on how you can maximise your social value offer in a bid.
Value for money is the over-riding factor that determines all public sector procurement decisions. In recent years there has been a shift in understanding how value for money should be calculated, and growing support for the id ea that it should include social and economic requirements. However, many people have been held back by uncertainty over whether a social value approach is compatible with the EU’s procurement regulations. The Public Services (Social Value) Act was designed to clarify the law in this area and compliments a growing body of EU documentation encouraging the use of social value in procurement. Tabled as a Private Member’s Bill by Chris White MP, the Act received Government backing as well as cross-party support in both the Commons and the Lords.