Procuring for Broader Social and Economic Value
Half Day Seminar
Do current procurement practices enable supply chains to deliver solutions innovatively and provide their expertise effectively? Are supply chains able to deliver broader value than the subject matter of the contract that was procured?
Procurement is changing.
Join us to learn about the procurement and delivery approaches some of the current major projects are adopting to embed societal, environmental and economic benefits into their projects and the potential impact of the incoming public sector procurement regulations.
Since the development of the Infrastructure and Project Authority's Routemap document suite in 2016, the procurement of infrastructure is changing focus from a specific asset or capability transaction to embrace the acquisition of broader benefits.
It is apparent that every infrastructure project has the potential to release greater economic and social value than the asset or capability that is being procured. Benefits such as local employment, sustainable supply chains and positive environmental impact on local communities.
The Government's Green Paper: Transforming Public Procurement recognises the UK's new internationals status and gives an opportunity to adapt the public sector procurement approach allowing greater focus on promoting transparency, local industry and society. This builds upon the works set out in the Public Services (Social Value) Act 2012 and the Cabinet Office publication Taking Account of Social Value in the Award of Central Government Contracts in 2020.
Publications such as the Construction Playbook and the ICE Maximising Social Value from Infrastructure Projects have played a part in championing this message. How can we as industry professionals adapt our procurement and contracting approaches to meet this challenge and ensure success? Current economic situations such as the COVID pandemic and its impact on business and individuals serve to highlight the increasing need to address value in procurement.
We're delighted to confirm Martin Rowark, Partner, Gardiner & Theobald as Chair for this event. We will explore:
- Methodologies used by different major projects to get the most value out of supply chains.
- Examples of how social value benefits have been embedded into Procurement processes.
- Potential outcomes of the Green Paper: Transforming Public Procurement.
- How best practice in the procurement and delivery of major projects is continuing to evolve.
This half an hour window will allow you to greet fellow delegates and familiarise yourself with the event platform before we start at 14.00
Opportunity for Q&A.
The session will remain open for 30 minutes after the finish time to allow for delegate networking.