Social value procurement
Stay ahead of evolving public sector procurement
Discover the only platform that values meaning over metrics, specially built for procurement and contract managers.
Discover the only platform that values meaning over metrics, specially built for procurement and contract managers.
For procurement and contract managers, balancing deals, regulations, and public spending is challenging.
With Impact, you can…
Maintain compliance standards
Manage social value-specific tenders
Focus on best fit and values
Monitor contracts in real-time
Want peace of mind that you’re meeting international standards or governmental regulations like the Public Services Social Value Act 2012, TOMs or PPN 06/20? Our platform can be easily customised to align with any framework.
Connect all the dots of your project and bring your impact story to life.
Easily access all the information you need to track your social value tenders, plus see proof points like photos, surveys and evidence to ensure supplier compliance.
Be certain you’re choosing the right bidders. Make data-driven decisions so you can see who will live up to their word and provide true value.
Stay informed with real-time visual data. Monitor the progress and fulfilment of contractor commitments to ensure supplier compliance and deliver true impact.
Explore how our software can help you award contracts to suppliers who are making the most tangible commitments towards promoting positive social value, local economic growth, and reducing environmental impact.
Efficiently capture your beneficiary data, inputs, outputs and outcomes with open API and integrations to see your impact on the community, partners and the environment.
Map the connection between your social value activities and their impact on the world, to see what real good looks like for your organisation.
Dive deep into your data to see how your actions create true change for beneficiaries, beyond just numbers and values.
Report your impact, your way. Choose which compliance requirements, metrics and frameworks resonate with you, so you can measure what matters most.
With Impact, you can quantify the unquantifiable. Break through conventional metric boundaries and focus on capturing the true essence of your forward-thinking initiatives and the incredible social good you deliver.
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Discover how Efficiency North Holdings transformed their social value reporting with Impact Reporting. From scattered data to a one-stop solution, they now track progress efficiently and ensure commitments are met.
View case studySocial value as defined through the Public Services (Social Value) Act (2013) refers to the wider benefits to society that can be achieved when purchasing goods, services, or works. When applied to procurement, it’s about achieving maximum value for every pound spent, not just economically but also socially and environmentally.
According to the UK Government’s Guide to Using the Social Value Model, “the huge power of public money spent through public procurement every year in the UK must support government priorities, to boost growth and productivity, help our communities recover from the COVID-19 pandemic, and tackle climate change. There should be a clear ‘golden thread’ from these priorities to the development of strategies and business cases for programmes and projects, through to procurement specifications and the assessment of quality when awarding contracts.”
You start by understanding what’s important to your organisation, your stakeholders, and the communities you serve. This will guide the areas of social value you might seek. Then, embed this into your procurement documents – specify the desired social value outcomes in the contractual requirements.
The specific processes may vary depending on your geographical location and local legislation. However, a universally valid principle is aligning your procurement with overarching social, environmental, and economic goals, following responsible business practices and engaging with vendors who share similar values.
Yes, several tools and frameworks, like Impact Reporting, can help organisations measure and monitor social value outcomes. These platforms simplify the process by providing a clear and structured approach to capturing, managing, and reporting on your organisation’s social value.
Yes, in certain situations, buyers can and do award contracts based on the additional social value suppliers provide. This depends on the law, procurement policies, and individual tender requirements.
Impact Reporting’s tender module can be used globally and is easily aligned to support local authorities and councils across England, Wales and Northern Ireland.
Social value outcomes vary by tender but may include employing local labour, engaging with social enterprises, improving worker conditions, reducing environmental impact, supporting community projects, and providing apprenticeships and work placements, amongst others.
Companies across all industries, especially in the built environment, FTSE businesses, and investment organisations, can and should incorporate social value outcomes into their procurement practices. This applies whether they are required by law or driven by purpose and commitment to create a social and environmental positive impact.
Let’s start doing more good, together.