A new resource for measuring the social value created through construction has been launched.
Building Social Value (BSV), developed by the Considerate Constructors Scheme, will provide the means for a third party to evaluate the social value produced by construction sites.
Monitors from the Scheme will visit building sites and record the social value created, using the Social Value Monitoring Checklist.
They will then write up a BSV report based on their findings.
The Social Value Act 2013 requires industry actors to focus on how they create social value.
Considerate Constructors Scheme chief executive Edward Hardy said: ‘Construction activity produces huge amounts of social value for local communities, the local economy and the environment. It is, however, difficult to define, capture and report on this value creation.
‘Building Social Value will provide construction, clients and the public with a much-needed understanding of the extent to which a particular construction project has created opportunities for long-term social value.’
Basildon Borough Council asset strategy manager, Daniel Greenwood added: ‘Social value plays a central role in all our procurement activity and having a consistent and robust way to measure outcomes has been a constant challenge.
‘Building Social Value really adds confidence that projects are delivering on our promises to the community.’
