Morgan Sindall Construction are committed to working as a responsible and ethical business, providing a positive impact to the communities where we work and their local economy. One of the ways we achieve this is through the support and employment of Small to Medium Enterprises (SMEs). Our Social Value Bank is a tool which allows us to monitor and monetise these social value outputs. This includes a software known as Local Multiplier 3 (LM3) which is a calculator, measuring and reporting the impacts of our work with SMEs locally. Further supporting our commitment, we are the first construction company to become a Partner for Social Value UK, which is a national network for social impact and social value.
To support and improve our use of local SMEs we have designed a responsible procurement framework, in line with our Social Value Bank tool. We consider SME spend across our construction contracts, always exceeding the 25% minimum spend that Central Government target. We are also committed to targeting a minimum of 70% supply chain partners procured within a 25-mile radius of each project which we regularly exceed. 95% of our jobs delivered across our three lots of the Southern Construction Framework (South West, South East and London), achieve in excess of 90% project spend through the employment of SMEs.
We operate a strategic supply chain, maintaining close relationships with local SMEs, enabling us to understand their availability and capacity for local projects. To help promote the local supply chain to our wider business and encourage local enterprises/ SMEs to deliver our projects, we routinely host Meet the Buyer events and facilitate regular supply chain networking events to introduce clients and publicise projects. We hold regular ‘drop-in’ sessions across our local offices to help SMEs comply with the processes and support them through the pre-qualification.