The Social Value Act 2012 was established in part to help understand the difference between a contracts cost and a contracts value and to encourage greater collaboration between voluntary, community and private sectors.

Bid responses for public sector work can be greatly improved by a through understanding of and addressing the concepts of the act. Waste and recycling company Veolia Environment Services have recently released a new and useful youtube video explaining the Social Value Act from their perspective

…

Also, from – Towards New Innovative Collaborations

The Social Value Act 2012 introduces social benefits into public procurement of private services. It requires local authorities and other commissioners of public services to consider how their services can benefit people living in the local community. Under this legislation, local authority procurers must now consider how they can improve the social impact of their public service contracts before they start the procurement process.  More…