A framework for measuring social value in infrastructure and built environment projects: an industry perspective

Fujiwara, Daniel, Dass, Daniel, King, Emily, Vriend, Myriam, Houston, Richard and Keohane, Kieran (2022) A framework for measuring social value in infrastructure and built environment projects: an industry perspective. Proceedings of the Institution of Civil Engineers: Engineering Sustainability, 175 (4). 175 - 185. ISSN 1478-4629

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Abstract

As the infrastructure and built environment sectors shift from traditional economic valuation towards more holistic approaches, projects are being designed, built and evaluated in new ways. An important emerging technique for the economic evaluation of projects is social value measurement. This paper sets out the foundations for the social value measurement techniques that underpin the methods and frameworks developed in central governments and by multilateral and international organisations and describes how these can be adapted to value the broader societal and environmental effects of infrastructure and built environment projects. The paper provides practical evidence of social value measurement in valuing heritage impacts for Stonehenge World Heritage Site as well as presenting a detailed account of the foundations of cost-benefit analysis as a tool for social value measurement and non-market valuation.

Item Type:	Article
Official URL:	https://www.icevirtuallibrary.com/toc/jensu/curren...
Additional Information:	© 2021 The Authors
Divisions:	Psychological and Behavioural Science
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HT Communities. Classes. Races H Social Sciences > HM Sociology
Date Deposited:	24 Aug 2022 07:09
Last Modified:	17 Apr 2024 20:27
URI:	http://eprints.lse.ac.uk/id/eprint/116377

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