Costain, the infrastructure solutions company, is rolling out a new social value tool designed to help delivery teams consistently measure and improve social impact and outcomes across all of its projects.
The tool offers the unique feature of standardising data-driven evidence of the positive societal and environmental impacts achieved during a project’s lifecycle. The collected data is then analysed and converted into social, environmental and economic valuations, aligning with the UK Government’s Social Value Model.
In addition, the tool can report against bespoke frameworks when required by customers, making it possible to benchmark performance and outcomes against similar infrastructure schemes.
It also has built-in forecasting capabilities which allow Costain to predict how much social value a project will deliver before it begins; in turn helping to improve the accuracy of target-setting and providing a better understanding of a project’s expected outcomes.
Following its successful trial in Costain’s water sector, the tool will be implemented across all Costain’s sectors including road, rail, integrated transport, energy, and defence and nuclear energy.
