Social Benefit Bonds Trial - Social Benefit Bonds Trial- RFP 1101934

A Social Benefit Bond (SBB, sometimes known as a Social Impact Bond) is a new financial instrument that pays a return to private investors based on the achievement of agreed social outcomes. 
Under a SBB, an investor provides upfront funds to a partner (not-for profit organisation (NFP) or intermediary) to provide services.
Part of the Government savings are used to repay this investment and provide a reward payment commensurate with the outcomes achieved. 

The trial will explore the capacity for Social Benefit Bonds to: 

·  Increase funding for prevention and early intervention programs in a sustainable manner

·  Catalyse the development of the social finance sector

·  Harness the innovation capacity of both investors and service providers

·  Improve the evidence base for, and focus on measuring the impact of, social services.

NSW Regions: Central West, Far West, Hunter, Illawarra, Mid North Coast, Murray, Murrumbidgee, Northern, North Western, Richmond Tweed, South Eastern, Sydney
States and Territories: ACT, NT, QLD, SA, TAS, VIC, WA

Request for Proposals - An invitation for expressions of interest / seeking preliminary proposals. In many cases these may be used as a basis for shortlisting tenderers, along with other criteria such as expertise and experience. Prospective tenderers are initially evaluated for their proposal against the relevant selection criteria. A number of those who best meet the criteria are invited to tender. For complex or some other types of procurement, where the product or service outcomes are highly dependent on the content of the proposals received from Tenderers, the outcome may be negotiated.

INFORMATION BRIEFING

An information briefing will be held at Level 41, Governor Macquarie Tower, 1 Farrer Place, Sydney on 11 October 2011 at 2pm - 4pm.

Please note that attendance is limited to three people per organisation. Parties interested in attending the briefing are required to register the names of the people who will be representing their organisation to sbb@treasury.nsw.gov.au 

 48 hours notice is required for any changes in attendees. 

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