Our first article is a brilliantly useful piece of reference work from Emma Tomkinson while in the US the new Senate seems to have retained a strong urge to promote SIB structures as before – hooray!
Finally a note of caution from the UK although I must add that in terms of the approach of charities and other NGOs towards change, their conservatism is a cause for concern – that could yet cause major issues going forward when government is actually forced to undertake austerity (UK national debt has doubled under the current government – and they claim to be fiscally responsible).
Anyway, today the first article alone is worth reading for background, happy scrolling:
Procurement Precedents For SIBs
Emma Tomkinson
There are many ways to procure for a SIB. The following examples of procurement processes have been chosen to demonstrate variation. The advantages and disadvantages of each are context specific – if you are developing a new procurement process you might want to think about whether each variation promotes or hinders your objectives.
U.S. Sen. Michael Bennet: Making Govt More Efficient, Effective And Accountable In 2015
U.S. Sen. Michael Bennet
We wrote a bill with U.S. Sen. Orrin Hatch, R-Utah, to make government programs more accountable and effective through social impact bonds and pay for success contracts. The Pay-For-Performance Act will help states and communities achieve better results with less cost to taxpayers.
Govt Should Not Force Charities Into Social Investment, Says Barnardo’s Liam Duffy
Sam Burne James – Third Sector
Government should not force charities into financing themselves through social investment in order to deliver government contracts because this distorts the market, according to the commercial director of Barnardo’s.
Liam Duffy was speaking yesterday during a panel discussion at an event in London hosted by the consulting firm Aleron. He said that Barnardo’s had had a positive experience working with the It’s All About Me social impact bond, which funded the adoptions of hard-to-place children, but it was wrong for charities to be compelled by the public sector to sign up to social investment schemes to ensure their involvement in contracts or programmes.
“Compulsory use of social investment to finance projects should stop,” he said. “I think it distorts the credit market and the investor market.”