1 Part one 2 Part two 3 Part three Part 1: Could a SIB be right for your mindset? These questions explore whether you and your organisation would be comfortable with the ways of working that a SIB imposes. 1 Are you comfortable with the idea of a payment by result contract? * Yes Maybe No All SIBs have payment by results at their heart. 2. Are you comfortable with the idea of an investor receiving a return? * Yes Maybe No There are various ways of contracting for investor returns, including involving only parties which will re-invest any return back into philanthropic activities. 3. Are you willing to iterate and adapt your delivery model based on data, in continuous pursuit of the outcome? * Yes Maybe No The cashflow of a SIB depends on the claiming of outcomes to schedule. If this does not happen, an agile approach can be needed to improve performance. 4. Are you willing to take on the reporting requirements and scrutiny that a SIB brings – for example, monthly contract management meetings and regular outcomes paperwork? * Yes Maybe No SIB investors, and even commissioners, can be used to a more interventionist style of contract management than providers. Further discussion will be needed up front to close this gap. Ensure that you are comfortable with the structure and ways of working that a SIB requires before proceeding to the next part of the quiz. Leave this field blank Continue to part two
