This also forms an essential element of the PPN0620 Social Value Framework, which was released in 2020, subsequently officially launching in January 2021. One of the main elements of PPN0620 was that it had a 10% weighting towards social value, therefore bringing a range of important benefits to society, especially at a local level.
It also saw a change to public contract regulations that consultants needed to instantly familiarise themselves with, in order to advise clients in a fully informed way. Faithful+Gould quickly got up-to-speed and became leaders in this area. We are now in the perfect position to mobilise and take forward the delivery of PPN0521, released in June 2021, based on our previous experience, guidance, data and evidence.
Keeping it local
The decision over the type of supplier isn’t solely based on capability and experience, but also on location and what is added in terms of employment, local delivery and improving wellbeing within the community.
There are 600 suppliers on Faithul+Gould’s approved supply chain list and, of these, 83% are SMEs, microbusinesses, VCSEs, start-ups and entrepreneurs, giving these organisations entry into the market. This aligns with our goal of economic equality, something hugely important to us. It also means more choice for our clients.
In addition, local suppliers really care about their area. Shaun Lunn, Director at Faithful+Gould, reflects: “They will work extra hard to create a better outcome for the client, because it really matters to them. It’s on their doorstep.”
Backed up by the right systems
Faithful+Gould uses the IAND platform, which brings significant benefits to clients. It contains the makeup of our supply chain, and allows refinement by area, size and type of supplier, and more. It gives robust and accurate information, for example on local spend, a big driver for most, especially the public sector. It allows benchmarking of supply chain impact on value in every respect, and demonstrates the local pound going back into the local area.
A recent development in the platform is that we can now recognise other, useful elements about the supplier such as their carbon footprint, diversity and the makeup of the organisation including its size, capability and innovation. We can even see how they are tackling climate change. This feeds in to our ability to help clients select the right supplier, based on the characteristics that matter to them and their community. The system also helps identify gaps, so if a client needs support in a particular area, we can match them with an appropriate supplier.
Shaun says: “Through our systems and frameworks we can help the client build a team that doesn’t just ensure the project is a significant and resounding success, but we can also make sure that the team shape is considered as part of delivery, optimising social value.”
Our added value
Many companies don’t have a social value policy, or an idea of how they might drive it through their projects. We help at a granular level and take businesses through the whole journey to increase social value every step of the way, involving all of the team. This is very powerful as it results in everyone speaking the same language and broadly thinking the same way.
Through supplier relationship management, clients are supported to take their social value plans to the next level, and get into a space where they can deliver more effectively. Faithful+Gould trains, supports, encourages and measures, all of which is key, especially in respect of economic recovery from COVID-19.
In summary, having experts across a range of areas, coupled with the right systems, means that we help clients to derive the policy they need, identify where social value has the biggest impact, and ensure the supply chain meets the needs of the company. Everyone, therefore, gets the best outcome.