target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: IDC Survey Spotlight - Doc Document number: # US51561124
Is a Compelling Social Value Offer Becoming a Critical Component in Winning Public Sector Built-Environment Contracts?
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Abstract
This IDC Survey Spotlight explores whether social value is becoming a critical component in winning public sector built-environment contracts. Governments are among the largest contributors to European economies; according to the European Commission, EU governments' total expenditure in 2021 equaled 51.5% of the region's gross domestic product (GDP). For some time, public sector procurement practices have been under scrutiny as they are felt to be too bureaucratic, complex, and driven by lowest cost rather than best value. There is a direction of travel in the market toward what has variously been described as "smart" or "intelligent" procurement that seeks global government spend on ICT to support qualitative outcomes such as social value that require behavioral change. This behavioral change may be at a citizen level, such as increased use of public transport or reduced energy usage, and equally at an institutional level such as in efficient data sharing within government and externally across a wider stakeholder ecosystem.
Social value is already enshrined in law in the U.K. through the Social Value Act of 2012, which calls for all public sector commissioning to factor in ("have regard to") economic, social, and environmental well-being in connection with public services contracts. IDC included the subject in its Worldwide Sustainable Buildings, Homes, and Districts Survey for 2023 to ascertain the weighting given to social value in government RFIs for built-environments in other regions.