Public procurement these days is not just about acquiring goods and public services at low costs. Nowadays, it focuses on delivering long-term benefits to communities, promoting inclusivity, and driving societal progress. Social value is a transformative approach shaping how public contracts are awarded and executed. Let us have a closer look at how social value is revolutionising procurement and paving the way for meaningful community impact and environmental benefits.

What Is Social Value In Public Procurement?

Social value is directed toward the broader benefits that procurement and government’s commercial activities can bring to society, the economy, and the environment. It involves asking: Beyond the immediate deliverables, how does this procurement positively impact communities?

Author: Grahame Steed