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Social Value Act Starts to Sink In

Ever since the inauguration of the Social Value Act in 2013, the importance of ensuring quantifiable social benefits through all levels of service delivery has been a key consideration for, not solely the third sector, but also for the public sector. As of its originally announcement, the act has been

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Importance of Outlining and Measuring Social Value in FM Projects

In a recent report, it has been stated that social goals must be outlined in a clear and concise manner before then being integrated into FM contracts. Nodding to clear best practice methods and encouraging a manageable approach to corporate social responsibility with respect to communities, the report, published by

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Latest Issue

BDC 319 : Aug 2024

social value

Social Value Act Starts to Sink In

Ever since the inauguration of the Social Value Act in 2013, the importance of ensuring quantifiable social benefits through all levels of service delivery has been a key consideration for, not solely the third sector, but also for the public sector. As of its originally announcement, the act has been requiring for all public bodies (both in England and Wales) to pay heed to the services being procured and assess the social, economic and environmental impacts of all such works – this, in effect going far above and beyond the staple benefit of what a building might bring, but also those consequences throughout the planning and construction cycle. Of course, though it has been in place ever since 2013, change has not instantly been seen, yet it has been reported that there is an increased awareness amongst public bodies now, that social value and the benefits, or consequences of works must be regarded as the utmost import. Yet, at the same time, there is relatively low awareness of the import of this process across procurement, and ensuring that even this stage of the development process must be defined. Lord Young commented that such awareness, “Appears to be relatively low when considered against the number and value of procurements across the public sector.” And yet, whilst the act only enforces social value for the public sector, it has been noted that private companies have also increasingly shown an interest in ensuring the delivery of social value over the course of contracts. With this in mind, the benefits will of course be seen to flow up the supply chain on public sector contracts also, and the growing social responsibility displayed by leading construction contractors is well worthy of praise. For the future, one of the key areas to be encouraged next is facilities management, where there is still plenty of room for development in the arena of ensuring social value. Yet, as the concept remains one quite fresh with regard to facilities management at present, industry professionals have been reported to push the envelope on incorporating facilities management in the agenda also.

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Importance of Outlining and Measuring Social Value in FM Projects

In a recent report, it has been stated that social goals must be outlined in a clear and concise manner before then being integrated into FM contracts. Nodding to clear best practice methods and encouraging a manageable approach to corporate social responsibility with respect to communities, the report, published by Acclaro Advisory, has been created from correspondence with twenty seven leading FM providers, local councils, literature review and survey undertaken online. Nodding to the importance of assessing the requirements for social value to be made unavoidably apparent in the contract itself, project commissioners highlight the way in which additional security can be provided as to the potential benefits and opportunities to be fostered over the course of the project. Yet, the report outlines a potential lack of understanding as to the potential social value which FM providers can actually offer during projects, with both such FM providers and clients acknowledging that fact. Aiming to adapt the communication between project commissioners and FM providers, the report also provides insight into how the two parties can better discuss the potential for social value and come to realistic, achievable goals for social benefit; this is highlighted trough the provision of best practice case studies and practical examples. In addition to stressing the importance of communication on social goals and the way in which contracts are arranged, the report also discusses the important requirement for having clearly defined measurement criteria for the social value. Recognising, however, that there are individual, unique, contributing factors towards how this much be measured in each contract, the report then nods to the construction sector as an example where criteria for such goals has already been put in place. Of course, the report, while something which organisations on both sides of the fence would need to take heed of, is, in effect for the benefit of all those involved and will support the culmination of greater social value on individual projects – a positive future to strive towards.

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