Measuring Social Value In Infrastructure Projects: Insights From The Public Sector
This Royal Institution of Chartered Surveyors (RICS) insight paper provides an introduction to social value measurement (SVM) in the public sector and its application to infrastructure projects. There are many elements involved in measuring social value, but the focus of this paper is on the core measurement frameworks that are considered best practice by government bodies, such as cost-benefit analysis. The paper also addresses the topic of valuing the broader societal effects of infrastructure projects (including environmental impacts).