Abstract
How do we value priceless societal outcomes in public procurement?
As the non-financial aspects of human and planetary health rise in strategic importance, Hamilton argues that in many public service categories, it is necessary to remove price from the evaluation criteria to stimuate public sector innovation and foster cross-sector collaborations; Priceless Procurement creates room in the system to award contracts to bids generating the most social value within the pre-defined publicly available funds.
As the non-financial aspects of human and planetary health rise in strategic importance, Hamilton argues that in many public service categories, it is necessary to remove price from the evaluation criteria to stimuate public sector innovation and foster cross-sector collaborations; Priceless Procurement creates room in the system to award contracts to bids generating the most social value within the pre-defined publicly available funds.
| Original language | English |
|---|---|
| Title of host publication | Vitalising Purpose |
| Subtitle of host publication | The Power of the Social Enterprise Difference in Public Services |
| Editors | Jaimie Veitch, Jonathan Bland |
| Place of Publication | UK |
| Publisher | E3M - Social Business International Ltd |
| Chapter | 15 |
| Pages | 112-121 |
| Number of pages | 9 |
| Edition | 2023 |
| ISBN (Electronic) | 9781739444112 |
| ISBN (Print) | 9781739444105 |
| Publication status | Published - 2 Jun 2023 |
Keywords
- social enterprises
- social value
- procurement
- social innovation
- priceless
