Outcomes-based contracting and public management reform: Lessons from a decade of experimentation

Clare FitzGerald; Alec Fraser; Jonathan Kimmitt; Lisa Knoll; James Williams

doi:10.1080/10967494.2023.2170504

Outcomes-based contracting and public management reform: Lessons from a decade of experimentation

Clare FitzGerald^*
, Alec Fraser
, Jonathan Kimmitt
, Lisa Knoll
, James Williams

^*Corresponding author for this work

Public Services Management & Org

King's College London
Durham University Business School
University of Paderborn
University of York

Research output: Contribution to journal › Editorial › peer-review

6 Citations (Scopus)

112 Downloads (Pure)

Abstract

A decade after the launch of the world’s first social impact bond (SIB) at Her Majesty’s Prison Peterborough in England, a further 250 SIBs have been developed in over 30 countries raising over $750 m (USD) of capital and serving some 1.7 million people. As investment-backed outcomes-based contracts (OBCs), SIBs are one of many outcomes-oriented reforms being taken up globally. In this introduction, we offer a framework for navigating the inchoate landscape of these reforms and a brief review of literature on OBCs and SIBs to frame the articles in this special issue. We then underscore the major contributions of the six included articles before offering summaries of each. In closing, we discuss the article findings and offer avenues for future research.

Original language	English
Pages (from-to)	329-338
Number of pages	10
Journal	International Public Management Journal
Volume	26
Issue number	3
Early online date	1 Jun 2023
DOIs	https://doi.org/10.1080/10967494.2023.2170504
Publication status	Published - 2023

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10.1080/10967494.2023.2170504Licence: CC BY

Outcomes based contracting and_FITZGERALD_Accepted16January2023_GREEN AAMAccepted author manuscript, 281 KBLicence: Unspecified

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title = "Outcomes-based contracting and public management reform: Lessons from a decade of experimentation",

abstract = "A decade after the launch of the world{\textquoteright}s first social impact bond (SIB) at Her Majesty{\textquoteright}s Prison Peterborough in England, a further 250 SIBs have been developed in over 30 countries raising over \$750 m (USD) of capital and serving some 1.7 million people. As investment-backed outcomes-based contracts (OBCs), SIBs are one of many outcomes-oriented reforms being taken up globally. In this introduction, we offer a framework for navigating the inchoate landscape of these reforms and a brief review of literature on OBCs and SIBs to frame the articles in this special issue. We then underscore the major contributions of the six included articles before offering summaries of each. In closing, we discuss the article findings and offer avenues for future research.",

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AB - A decade after the launch of the world’s first social impact bond (SIB) at Her Majesty’s Prison Peterborough in England, a further 250 SIBs have been developed in over 30 countries raising over $750 m (USD) of capital and serving some 1.7 million people. As investment-backed outcomes-based contracts (OBCs), SIBs are one of many outcomes-oriented reforms being taken up globally. In this introduction, we offer a framework for navigating the inchoate landscape of these reforms and a brief review of literature on OBCs and SIBs to frame the articles in this special issue. We then underscore the major contributions of the six included articles before offering summaries of each. In closing, we discuss the article findings and offer avenues for future research.

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Outcomes-based contracting and public management reform: Lessons from a decade of experimentation

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