Social value has slowly been making pace, becoming a key influence in bids/tender evaluations since 2012.
With the imminent introduction of the Procurement Regulations 2024, due to come into force in the new year, there is a shift towards a greater emphasis on delivering value to the local community and the importance of submitting the most advantageous tenders rather than simply the most commercially beneficial ones.
This change in legislation means businesses working with public organisations must be accountable and evidence the delivery of all they have promised. It is no longer enough to be seen as giving back to the community, they must be able to prove their actions.
Tracking social value in bid submissions presents a significant challenge for many organisations. As the demand for transparency and accountability in public sector contracts increases, organisations must navigate complex requirements without dedicated systems or specialist support.
Therefore, K Low Consulting has partnered with social value specialists to introduce an all-in-one management platform to develop a tool to support our clients in securing more business while ensuring compliance with the latest legislation.
What is Balloon Social Value Manager?
Balloon Social Value Manager offers a complete managed service using an intuitive new platform designed to streamline your approach whilst ensuring compliance with UK government guidelines on social value.
The platform aligns with local and central commissioner requirements and social value frameworks such as the National TOMs, Social Value Model and Measuring Up.
Balloon is an alternative cost-efficient solution built to help SMEs, VSCE, and third-sector organisations compete with larger organisations in creating, measuring, tracking and building professional reports on their social value commitments and activities.
Reports are configured to align with regional and national contractual commitments, including detailed information about your approach, measures include identifying goals, updating activity logs, creating method statements, identifying champions, uploading event pictures, and tracking outputs.
You also have access to a dedicated account manager to help facilitate the delivery of your internal and client reports.
Why have we created this platform?
As bid writing specialists, we recognise how powerful social value has become in winning business in the public sector. Our platform helps local SMEs win business on a level playing field and retain business within their local communities.
How can Balloon help you?
All organisations are expected to incorporate a commitment to social value within tender submissions with a scoring weightage as high as 30%.
Once successful, we are seeing more businesses struggle to deliver their commitments because they don’t have the tools to monitor or track their outputs. As a result, they risk their contracts, reputations, and financial implications due to contractual penalties.
Our services help you navigate your social value commitments. We are pleased to offer a selection of packages, including gold, silver and platinum to deliver technical and consultative support according to your needs.
For more information about Balloon, visit https://klowconsulting.com/balloon-social-value-manager/
To find out more about how the Procurement Act 2023 affects NHS and other public sector tenders visit https://klowconsulting.com/procurement_act_2023/