CIOB Special Report on Social Value for SMEs
It’s not going away
Construction SMEs should familiarise themselves with social value as a new procurement requirement because it has been adopted by central, devolved, and local governments.
Since the start of 2021, when social value started getting teeth in the form of public-sector tender weightings, tier 1 contractors have learned the language and hired in expertise to compete under the new rules and have succeeded in winning work under the new rubric as a result.
This Special Report sets out our case that social value is both here to stay and spreading as a procurement requirement. Driving it are law, policy, enthusiasm among national procuring bodies, activism among local authorities, and growing acceptance among developers.
If you’re an SME who has not encountered it yet, we think you will soon, and that you’ll gain a competitive edge if you start engaging with it now.