What is Social Value?
Social value means the sum total of all the positive effects deriving from an activity, project, or intervention of any kind.
In terms of the construction industry, it is the additional value you add to a contract, over and above the direct economic impact that a project has (i.e. the income/revenue it generates minus the cost of completing it). It is all those things you contribute to the community, the environment and your employees while also delivering a contract for your client.
Thrive social value software allows you to easily capture and quantify all of your social value activities – and those of your supply chain – so that you can easily demonstrate your commitments and your results in bids and contracts time and time again.
Why Choose the Thrive Platform for Social Value
01Data Capture & Storytelling
Bring to life the difference you make, with our market-leading data collection functionality. Easily collect qualitative and quantitative data from all internal staff and suppliers.
02Dashboards & Reporting
Tailor your reporting to meet your organisation’s needs. Display your data in a range of engaging ways, for any stakeholder, including creating branded reports.
03Reporting Frameworks
The Impact Evaluation Standard (IES) can come built in to the Thrive platform. Or, add other reporting frameworks to meet bespoke client or corporate reporting requirements.
What customers say about Thrive
Request A Demo
Our team would be happy to demonstrate the Thrive Platform.
Find out how social value reporting software works; take a look at how you would use it; learn how to engage your staff, your supply chain and your stakeholders; discover the flexibility of frameworks and metrics – all this and more when you talk with one of our social value experts on a Thrive demo.
Demonstrate Your Value In Bids
Thrive software tracks activities and metrics and calculates the social value outcome.
Is your organisation bidding for public sector contracts? Are you seeing more questions around social value in the tenders you respond to? Are you able to demonstrate your past record around social value delivery?
The Thrive platform empowers you and your organisation to identify, capture and report on all of your social value impacts, using our proprietary framework metrics or by adding your own.
Capture the value of your supply chain or look back over historical data to see how you have performed in past projects – this really helps bid managers see the potential in your offer.
Flexible Reporting Frameworks & Methodology
Use the government aligned Impact Evaluation Standard (IES) reporting framework or import other frameworks to suit each tender.
The IES framework comes built in and ensures compliance with UK government guidance, giving you a ‘common language’ to use when conveying your impact.
In addition, you can import other reporting frameworks, metrics and proxies giving you complete reporting flexibility to meet other project or organisational needs.
Full Support & Consulting
Not sure where to start? We are here to help.
At Thrive, our team of experienced social value advisors will support and guide you through a full-system configuration, training and implementation, as well as provide ongoing account management.
This training makes it easier to get buy in from your whole organisation, from bid managers to social value leads to your hands-on staff on the project floor.
We also deliver our expertise on social value through consulting services from bid writing support to full social value strategy creation. We ensure your organisation has a clear and concise path to maximising its social value delivery and reporting.
Tailored Dashboards & Reporting
Delivered instantly and tailorable for each bid or project
Our dashboard overviews key metrics, targets and projects, allowing you to understand your social value delivery at a glance.
Produce your own branded qualitative and quantitative reports for management, client or investor presentations.
Look back at historical data or create projections for future delivery. Our software makes it easy for you to prove that you have done what you say you will do.
Market Leading
Data Collection & Assurance
Do you need innovative software to help you collect all of your social value data?
Our unique data collection functionality avoids under-reporting by automatically tracking and following up with participating stakeholders to ensure you get the data and evidence you need.
Our built-in auditing functionality ensures the data you collect is fully justifiable. Collect and display everything from your project in a smart and easy manner.
Social Value
Estimates & Forecasting
Thrive’s estimator tool can be used to forecast project-specific estimates of social value, or to help hone your longer term organisational goals.
Create comprehensive bids, assist tender preparation or plan your ESG/Corporate Responsibility targets.
You can engage your stakeholders in this process too – this even includes your supply chain, helping you keep your records neat and easy.
Social Value Explained
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What Are The Benefits Of Social Value?
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Writing Social Value In Bids
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How To Calculate Social Value
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How We Help Your Organisation Thrive
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Why Choose Thrive Platform For Social Value
Thrive is renowned and trusted within the construction industry to assist purpose driven organisations to achieve and measure their social value strategically within the bidding process, procurement and employees.
What Our Construction Customers Say
“Thrive provided us with a way of valuing our social value and helped us to understand the social, economic and environmental impacts of our supply chain and our staff “
Mark Hickson
T&B Contractors
“The Thrive platform is intuitive to use and allows us to record the social value of our business as a whole as well as on a project specific basis.”
Daragh Coleman
Todd Architects
“Thrive has been a catalyst for change within VolkerWessels UK. Since implementation, we have seen a 300% increase in the number of projects capturing social value.”
