Social value
Engage with communities to enhance peoples’ lives
- 2023: United Kingdom and Ireland 20% social value
- 2026: United Kingdom and Ireland 35% social value, Netherlands to deliver 5% social value on top of these obligations
Social value can enable BAM to maximise the positive impact that work and procurement has on local communities, people and the environment. In the United Kingdom and Ireland, BAM uses the National TOMs (Themes, Outcomes and Measurement) framework for measurements for social value. In the Netherlands, BAM aims to develop a comparable model. Social value is made tangible as a percentage of the project costs that have been invested in a way that benefits local and other communities and society, thereby also contributing to sustainable economic growth (SDG 8).