With the introduction of the Social Value Act 2012, the public and the local authorities are now obliged to consider the social value of the work that their contract generates. The Act clearly dictates the contracting authorities to include questions by which the bidders can demonstrate the social value that will be delivered by them for the well-being of the community if awarded the contract. And with the enforcement of the act high-value contracts have started to include social value questions.
Initially including social value responses in your tender may seem an easy job, however, suppliers have not been able to clearly interpret the social value questions. Social Value is all about the buyer gaining the real rate of return on investment in your organization. Social value often includes questions that are broader it includes 3 major sections;