Are Your Development Projects Maximising Local Economic Impact and Social Value?

Construction and development projects are about more than just bricks and mortar; they're powerful levers for community prosperity. There's increasing pressure to demonstrate projects delivering social value and boosting local economies during the construction phase, especially through robust support for local businesses and SMEs.

But how do you go beyond aspirations to verifiable impact?

That's where Saible's Digital Parallel Payment Accounts (DiPPAs) come in.

DiPPAs aren't just for secure payments; they're a powerful tool for tracking and providing verifiable data on project funds reaching local SMEs. This data can be used in the calculation of the Local Economic Multiplier effect of your project.

By using Saible, you can:

• Simplify Measurement & Reporting: Gain direct insight into the flow of funds to local businesses, making reporting social value outcomes straightforward.
• Ensure Prompt Payment: Provide the "certain and prompt payment guarantees", crucial for the financial health of SMEs, aligning with broader social value objectives.
• Align with Best Practice: Implement recommendations like Recommendation 7 from 'Constructing the Gold Standard' on maximising social value through supply chain collaboration systems.
• Provide Irrefutable Proof: Move beyond intentions to offer clear, auditable evidence of your commitment to community benefit.

Are you confidently measuring and demonstrating the local economic impact of your projects? What are your biggest challenges in proving social value?