Social value and procurement are now intrinsically linked following the launch of a new social value model twelve months ago. Initiated on the 1st January 2021, and surpassing the Public Services (Social Value) Act 2012 requirements, the law now requires public sector organisations to appraise suppliers to deliver services that enhance communities.
There is now an obligatory emphasis on social value questions in tenders and PQQ/SQs. From January 2021, a minimum 10% weighting is placed on social value in quality/technical scored responses.
Public sector organisations inviting tenders for major procurements are now obliged to ask potential suppliers about social value by demonstrating social value within bid responses. This is not to say that a similar approach cannot be adopted by the private sector, using similar models, on the contrary, social value topics are equally relevant to corporates.