New way to measure the social value of construction

New way to measure the social value of construction

A new resource from the Considerate Constructors Scheme has been created to capture the social value created through construction.

‘Building Social Value’, a new way to report on the social value created through construction, has been launched by the Considerate Constructors Scheme for all Scheme registered sites, companies and suppliers.

Building Social Value has been developed by the Scheme in conjunction with a number of leading construction companies and industry clients across the UK: Basildon Borough Council; Kier Group plc; Land Securities Group plc; and Morgan Sindall.

By using the Scheme to carry out the report, contractors and clients recognise that gaining a professional, third-party report will help them to evaluate the impact of their construction sites in creating social value.

Scheme Monitors will visit construction sites and record the social value created, using the Social Value Monitoring Checklist. The Monitor will then produce a Building Social Value report, based on the results gathered from the Checklist.

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.”

www.buildingsocialvalue.org.uk

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