Social value is the term used to describe the additional value created as an indirect result of a publicly funded service being delivered. For example, a homelessness organisation funded to provide hostel space for the homeless may create additional value by also providing routes into employment and training for its service users. Or, another example may be a building contractor that intends to directly involve local community groups in the design process of a new leisure centre to ensure that it meets local needs.
Social value has been defined as “‘the additional benefit to the community from a commissioning /procurement process over and above the direct purchasing of goods, services and outcomes”.
Social value is not specifically about the value that the Voluntary and Community Sector offers in delivering services. It is focussed on identified social value outcomes regardless of the provider.
In Ancient India Veda’s have been the source to get dharmic (righteous) principles. While the sages preached, their students learnt many parts of them only by listening and remembering. Based on them, much simpler treatises were developed. These became known as Sruti-s and smruti-s. By listening, reciting and remembering them the dharmic knowledge has been passed on from generation to generation. There are also some samhita-s. The vast coverage of the political, economic and social issues and intricacies in this literature is of great importance to relize our ancient social values.Ancient indian texts have developed a culture of social values within the indian society.
Social Value in Public Administration seek to create maximum benefit for the community and drive up service quality, but it can also lead to cross-departmental savings and support community organisations to enter the market.
Using a local supplier to provide services can create employment opportunities;
Unemployment and worklessness are inextricably linked to deprivation, meaning that job creation through procurement processes can help tackle the cycle of deprivation and its cost tothe public purse.
Employees and suppliers of public service delivery organisations will spend money within local economies in shops and upon suppliers of their own;
Using your purchasing power to make requirements of your contractees’ supply chains can extend these benefits yet further, potentially supporting the creation of new businesses within communities.
Social values should help in:-
• Promoting training and employment opportunities, often for under-represented groups, for example for youth employment, women’s employment, the long-term unemployed and people with physical or learning disabilities
• Promoting compliance with social and labour law. including related national and international policy commitments/agendas
• Promoting SMEs and civil society organisations through an observance of existing duties of equal treatment,proportionality and transparency and by making subcontracting opportunities more visible
• Stimulating socially conscious markets
• Demonstrating socially responsive governance
• Promoting fair and ethical trading
• Ensuring more effective and efficient public expenditure
• Contributing to health improvement priorities
• Stimulating social integration
• Stimulating demand for environmentally-friendly goods, services and works
• Contributing to climate change mitigation targets and to energy efficiency