ESG and responsible business
Social value
In UK public sector buying, the wider benefits a supplier brings to society, such as local jobs, apprenticeships or environmental improvements, which are scored in tenders.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
Social value is 10 per cent of the tender score.
Related terms.
Videos.
No video mentions Social value by name yet. These are on the same topic, Business & startups.