Assessing and measuring social value
The nominal purpose of social procurement is to generate social value through purchasing processes. As we have discussed in previous chapters, new approaches to social procurement are driven by efficiency or accountability demands (for purchasers) and market development opportunities (for providers), informed by growing popular interest in the role of particular organisations and processes in delivering social impacts. Regardless of the impulses driving social procurement, social value creation is the presumed outcome. Yet, just what is social value? And how is it calculated and assessed in social procurement processes?