One of the most critical elements of delivering social value is measuring its impact. For SMEs, this is key to demonstrating the effectiveness of their contributions to both clients and communities. Measuring social value might seem daunting, but frameworks like the Social Value TOMs make it easier to quantify and report on the benefits your project brings.
TOMs enable SMEs to capture data on employment outcomes, environmental sustainability, and community engagement, aligning them with the broader objectives of UK procurement. By collecting relevant data throughout the project lifecycle – whether through surveys, interviews, or tracking key performance indicators – you can generate clear, actionable insights.
Regular data collection helps ensure that your social value initiatives remain on track, providing measurable benefits. It also makes reporting more robust and transparent, giving your clients confidence in your ability to deliver impactful social value outcomes.
