We have released a new practice note! Our new practice note has been created in partnership with NEC and the Institute of Workplace and Facilities Management (IWFM). This practice note highlights the importance of social value, particularly social value in UK public sector contracts.
“We are very pleased to publish this practice note on social value, the first in a series of practice notes for the new Facilities Management Contract. This practice note addresses an important issue for the FM sector. It’s the first arising from the close relationship the NEC has had, and continues to have, with the IWFM on this contract. We have greatly appreciated and acknowledge the involvement of the Social Value Portal in producing this guidance.” Ross Hayes, NEC drafter and consultant.
Incorporating social value in FMC
Although written for the NEC4 Facilities Management Contract (FMC), the guidance in the practice note is equally important and valid for other NEC forms of contract. Furthermore, the FM practice notes is written to assist clients and practitioners to identify how bespoke requirements can be incorporated into the FMC. Such as social value.
“We are delighted with the publication of this new practice note on social value. The first of many on a range of important topics which will help to embed the NEC4 FMC into our sector. The practice note brings together post-Carillion workstreams to help shift the conversation from cost to value. It integrates our work on the Social Value Plug In measurement framework with the FMC, which was designed specifically for the facilities management market. The note illustrates how the collaboration between the NEC, the Social Value Portal and IWFM can lead to a win-win for all Making a difference one contract at a time.” IWFM’s Head of Policy, Sofie Hooper.
Community and individual wellbeing
Social value in this context refers to the wider financial and non-financial value created by an organisation through its day-to-day activities. This is in terms of the wellbeing of individuals and communities, as well as social capital created and the environment. Additionally, the practice note sets out the principles and purpose of social value. Firstly, it does this by using the National Themes, Outcome and Measurement (TOMs) methodology. Secondly, it explains how the social value requirements would be incorporated into the Scope and Performance Table in a NEC FM contract.
“As social value specialists, we’re really pleased to be part of shaping this new practice note which is fundamental to embedding social value across the value chain. The facilities management sector is core to the social value movement, and it’s pivotal that FM businesses have the right guidance available to reimagine how their assets, and managing those assets, can create real community outcomes.” Guy Battle, CEO of the Social Value Portal.
The practice note
Find out more about NEC and their collaboration in developing this guidance. See the guidance now.
Our FM Plug-in
Find out more about our National TOMs Framework for Workplace and Facilities Management via our FM Plug-in page, which includes:
- Why the FM plugin was developed,
- Guidance on how to use the National TOMs FM Plug-in
- How to register for a free account to start using it.
