What does SROI stand for in construction estimation?

SROI stands for Social Return on Investment, a concept used in various fields, including construction estimation, to measure the social, environmental, and economic value generated by a project in relation to the investment made. This metric goes beyond traditional financial returns to account for broader impacts, such as community benefits, environmental sustainability, and improved quality of life. By incorporating social factors into the investment analysis, stakeholders can make more informed decisions that align with their values and societal goals.

In construction, understanding SROI is increasingly important as projects are evaluated not only for their profitability but also for their contributions to social and environmental outcomes. This holistic approach helps in securing funding, gaining community support, and promoting sustainable practices within the industry.